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

Bitcoin's mining profitability has deteriorated as the hashprice, the expected daily value of 1 TH/s of mining power, has dropped to $43.1 PH/s, the lowest since April. The decline is attributed to a 20% drop in Bitcoin's price and low transaction fees, with average fees being at bear market levels. The network hash rate continues to exceed 1.1 ZH/s, leading to mining difficulty adjusting to a record high of 156 trillion, exacerbating pressure on miner revenues. In response to these challenging conditions, many miners are diversifying into artificial intelligence and high-performance computing (HPC) data centers to secure more stable revenue streams.

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