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 […]
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Mining services firm Luxor estimates that about 235 exahashes per second (EH/s) of capacity in specialized Bitcoin mining machines is sitting idle.Its Sept. 8 report puts that equipment...
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