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; Difficulty Retarget Increase Still Expected
Currently, bitcoin miners are struggling, and data from cryptoquant.com indicate that they have been “extremely underpaid” since June 16, 2024. The most challenging day for miners was July 6, with Luxor’s Hashprice Index showing the estimated value of 1 PH/s dipping to around $44 per PH/s between July 3 and July 7.
Since then, the hashprice has risen approximately 9%, nearing $48 per PH/s. This revenue loss impacted the overall hashrate, which fell to 560 EH/s on June 29. However, according to the seven-day simple moving average (SMA), the total hashrate has since increased to 584 EH/s. The earlier decline led to longer block intervals, resulting in three consecutive difficulty reductions.
Nevertheless, the difficulty retarget expected on July 18, 2024, is likely to increase by 1 to 2%, based on current estimates, though this could change with five days remaining. With nearly half of July over, bitcoin miners’ revenue this month is comparatively low. So far, miners have earned $332.98 million, and if this pace continues, July could be one of the worst months this year.
What do you think about the decline in bitcoin mining earnings? Share your thoughts and opinions about this subject in the comments section below.
how can i get clomid order clomiphene for sale order clomid without a prescription how much is clomid without insurance how can i get clomiphene no prescription cost of cheap clomiphene online where can i get generic clomid without dr prescription
Thanks an eye to sharing. It’s first quality.
This is the kind of advise I unearth helpful.
azithromycin 500mg sale – ofloxacin 200mg pill metronidazole generic
buy generic semaglutide online – buy cyproheptadine 4 mg sale order periactin 4 mg pills
buy domperidone sale – motilium pill buy flexeril without a prescription
generic inderal 10mg – clopidogrel 150mg cheap buy methotrexate 10mg online
order zithromax pills – order tindamax pills nebivolol 20mg cost
buy generic amoxiclav – atbioinfo acillin canada
nexium 40mg uk – https://anexamate.com/ nexium 20mg oral
buy warfarin 2mg online cheap – anticoagulant hyzaar generic
mobic 7.5mg brand – https://moboxsin.com/ cost mobic 7.5mg
order deltasone 40mg – https://apreplson.com/ prednisone 10mg usa
ed pills no prescription – fast ed to take best ed pills online
amoxicillin pills – amoxil over the counter buy amoxicillin sale
fluconazole 200mg price – https://gpdifluca.com/# fluconazole 200mg brand
how to get cenforce without a prescription – buy cenforce 50mg online cheap buy cenforce without prescription
cialis with out a prescription – centurion laboratories tadalafil review tadalafil review forum
order zantac – zantac 300mg sale buy ranitidine
best reviewed tadalafil site – https://strongtadafl.com/ cialis for daily use side effects