Expert Says Bitcoin Miners Are Expanding Beyond Mining Into Energy Infrastructure – Bitcoin News
The post Expert Says Bitcoin Miners Are Expanding Beyond Mining Into Energy Infrastructure – Bitcoin News appeared on BitcoinEthereumNews.com. Key Takeaways Bitcoin difficulty rose 1.72% on May 29 as hashrate topped 1.02 ZH/s. Hashrate Index data shows hashprice fell 13.56% from the month’s high, squeezing miner margins in May. Renewablox Co-CEO sees bitcoin mining evolving beyond hashpower as the June 12 difficulty epoch nears. Bitcoin Difficulty Nears 139 Trillion and Sees Industry Transformation Bitcoin’s price spent the past seven days pacing between $72,800 and $77,700, according to market data. Those price levels have tightened the screws on mining profitability, weighing on bitcoin mining revenue, or the value generated by 1 petahash per second (PH/s) of computing power per day, a metric better known throughout the industry as hashprice. As of this weekend, hashprice sits at $33.71 per PH/s per day, meaning miners are earning 4.99% less than they were 30 days ago, according to h