As bitcoin’s valuation languishes near its weakest point since last year—with hashprice, the projected daily earnings for one petahash per second (PH/s) of mining capacity, receding to $40—the network’s computational muscle has paradoxically swelled to a historic peak. Bitcoin Hashrate Hits Historic High Amid Price Plunge This stretch has proven arduous for bitcoin miners, with […]
Source: https://news.bitcoin.com/zettahash-on-the-horizon-bitcoins-hashrate-nears-1-zh-s-as-miners-face-squeeze/