The hashrate of Bitcoin has dropped below the 800 exahash per second (EH/s) threshold, resulting in a decline in mining revenue. The hashprice, which estimates the value of 1 petahash per second (PH/s), is currently hovering just below $50, marking a decrease in miner profitability. Bitcoin's price drop below $80,000 negatively impacted miners' earnings. Although the hashprice has slightly recovered with Bitcoin climbing back above $83,000, it remains at its lowest level since January 28. The hashrate has also decreased significantly, shedding over 50 EH/s of computational strength. This reduction in hashpower corresponds with a decline in Bitcoin's difficulty as well. Metrics suggest that miners have extracted less value this month compared to January, with a decrease in block subsidies and fees generated.



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