Bitcoin's hashprice, which is the estimated earnings generated by 1 petahash per second of mining power, has decreased from $53.13 to $49.81 over the past week. However, the total hashrate has seen a significant increase from its low point in February, reaching a rate of 794 to 796 exahash per second. In February, miners earned $1.24 billion, down from January's $1.4 billion. The current outlook for miners is not very positive, as they are expecting a difficulty increase of 1.29% on or around March 9. Despite the challenges, miners are hoping for a shift in market dynamics or transaction demand to improve profitability.
Content Editor ( news.bitcoin.com )
- 2025-03-08
Bitcoin Hashprice Tumbles as Miners Brace for Tougher March
