Data shows the Bitcoin miner revenues have plunged down by around 81% since the October peak, here’s why.
Bitcoin Miner Revenues Have Lost Big During Bear Market
According to the latest weekly report from Arcane Research, the BTC miners’ hashprice is now just down to $0.077 per TH/s.
The relevant indicator here is the “hashrate,” which is a measure of the total amount of computing power connected to the Bitcoin network.
The metric’s value is calculated in TH/s (terahash per second), signifying the rate at which miners can perform new hashes on the blockchain.
The daily revenues that these chain validators make per TH/s of their hashrate is called the “hashprice.” Here is a chart that shows the trend in this indicator over the past
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