Not only is the Bitcoin (BTC) hashrate slowing down but the profit margins of miners have felt another squeeze, as revealed by data from Bitmex Research. The current hashrate hovers between 33 and 36 EH/s, based on Blocktivity data. The loss of hashing power since the peak of 60 EH/s is estimated to be the equivalent to shutting down 1.4 million S9 ASIC, each with up to 14 TH/s.

But Bitmex also points out that falling BTC market prices are pushing down profitability margins. Exact calculations depend on electricity prices and the particular machine used, but hashing power of 1 TH/s yields just $0.15 per day right now. However, other estimates show that choosing to mine the Bitco…

This article appeared first on Cryptovest

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