Bitcoin miners have faced significant underpayment since mid-June, according to metrics from cryptoquant.com. As of now, the estimated value of 1 petahash per second (PH/s) of hashrate remains notably low at $47.79 per PH/s. Despite the revenue decline, Bitcoin’s hashrate is still just under the 600 exahash per second (EH/s) mark. Bitcoin Miners’ Earnings Plummet; […]
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Key TakeawaysEthiopian Electric Power (EEP) cut bitcoin miners to 23% of contracted power after reservoir inflows fell 20%.Ethiopia’s miners used roughly a third of electricity while generating 35%...
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