BTC Mining Profitability Slumps as Hashprice Falls to Multi-Month Low

Bitcoin mining profitability has significantly declined as the hashprice fell to $43.1 per petahash/second (PH/s), its lowest level since April, coinciding with a 20% drop in Bitcoin's price and low transaction fees. The network hash rate remains high at over 1.1 zettahashes per second (ZH/s), leading to a record mining difficulty of 156 trillion. These factors are squeezing miners' margins and prompting a shift towards AI and high-performance computing (HPC) for more stable revenue streams. Currently, processing a high-priority transaction costs about 4 sat/vB, the lowest in years, contributing to the overall strain on miners' revenues.

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