Despite the hash price crash, most Bitcoin mining machines remain profitable for the time being.
Bitcoin’s hash price, a crucial metric measuring miner revenue on a per terahash basis, is now near its lowest level ever recorded.
Data from Luxor Technology’s Hashrate Index shows Bitcoin’s hash price fell nearly 52% to $0.0459 per terahash second on June 24 after notching a two-month high of $0.095 on June 8.
It was inching toward its record-low of $0.0447 set on May 1 but has bounced back to $0.0479 over the last few hours.
