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BTC Hashprice Falls to Five-Year Low

Bitcoin's hashprice has fallen to $38.2 PH/s, marking its lowest level in over five years, driven by high mining difficulty and declining bitcoin prices, which currently hover around $90,000. This decline in hashprice, which measures the daily expected revenue from mining, is associated with bitcoin's hashrate remaining at record levels exceeding 1.1 ZH/s, while network difficulty also sits near historic highs at 152 trillion (t). The situation has resulted in a sharp pullback in mining stocks, with the CoinShares mining ETF experiencing a 43% drop. Some miners are shifting focus from bitcoin mining to AI infrastructure, as transaction fees remain low. Overall, the mining sector faces increased challenges as the profitability from traditional bitcoin mining decreases.

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Did the Inca envision a blockchain system?

A recent study suggests that a mile-long band of 5,200 holes in Monte Sierpe, Peru, initially served as a barter marketplace and evolved into a large-scale accounting tool during the Inca Empire (1400-1532 AD). This system was likened to a modern blockchain, operating as a public ledger that allowed

Did the Inca envision a blockchain system?

Recent studies reveal that Monte Sierpe, a site in Peru, functioned as an indigenous accounting system for the Inca Empire, strikingly resembling a modern blockchain. This 5,200-hole structure, hypothesized to be a barter marketplace, evolved into a tribute collection tool, allowing the Incas to track and verify resource exchanges

Did the Inca envision a blockchain system?

A team of digital archeologists has proposed that Monte Sierpe, an ancient site in Peru with 5,200 precision holes, served as an indigenous system of accounting for the Inca Empire. This site is suggested to have functioned as a barter marketplace before evolving into a large-scale accounting device for