Data shows amid the panic of the crypto crash, the Bitcoin mining hashrate has gone flying to a new all-time high.
Bitcoin Mining Hashrate Surges To New All-Time High As Price Crashes
Акыркы жумалык отчетко ылайык жазгырма изилдөө, the BTC miners’ revenues continue to suffer as price crashes and competition becomes all-time high.
"hashrat үчүн” учурда Bitcoin тармагына туташтырылган эсептөө кубаттуулугунун жалпы көлөмүн өлчөгөн көрсөткүч.
When the value of this metric rises, it means more mining rigs are coming online, which leads to an increase in the competition among miners.
This results in smaller BTC revenues for everyone involved as the rewards are fixed and are shared between the active hashrate.
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On the other hand, a decrease in the indicator’s value implies miners are shutting down some machines, possibly because of their mining revenues not being able to pay off electricity costs.
Эми, бул жерде өткөн жылдагы Bitcoin хэшрейтинин тенденциясын көрсөткөн диаграмма:
The value of the indicator seems to have observed an increase recently | Source: Arcane Research'тин жумалык жаңыртуусу - 23-жума, 2022-жыл
As you can see in the above graph, the Bitcoin mining hashrate has gone up over the last few days, and has now made a new all-time high.
Since miners usually pay their running costs in USD, the value of their BTC rewards in the dollar is what matters to them.
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Due to the crash, the price of the crypto has fallen down to around $21k, which would have delivered a blow to not just the hodlers, but also the miners.
Miner revenues had already been on a төмөндөө, but this crash combined with the hashrate reaching new highs mean further shrinkage in their profits.
The below table highlights the various metrics related to miners and their revenues.
Looks like the fees per day has plummeted over 18% during the last seven days | Source: Arcane Research's The Weekly Update - Week 23, 2022
While the table shows the daily Bitcoin miner revenues as $27m, the report notes that this is a 7-day average, and the actual value for the day of the crash is closer to $23m.
BTC Баасы
Отчет жазылып жаткан учурда, Bitcoin баасы 21.5 миң доллардын тегерегинде калкып, акыркы жети күндө 30% га төмөндөдү. Акыркы бир айдын ичинде крипто 28% баасын жоготту.
Төмөндө акыркы беш күндүн ичинде монетанын баасынын тенденциясын көрсөткөн диаграмма.
BTC's price looks to have crashed down over the last few days | Source: TradingView боюнча BTCUSD
Unsplash.com тандамал сүрөтү, TradingView.com диаграммалары, Arcane Research
Source: https://bitcoinist.com/bitcoin-hashrate-up-new-all-time-high-amid-crash/