CryptoQuant founder and CEO Ki Young Ju posted on social media that bitcoin's hash price has hit a record low. Many miners have slowed their investment in mining rigs, and some have turned to other PoW currencies to hedge against market uncertainty.
Hash price is a term coined by Luxor, a Bitcoin mining services company. It refers to the expected value that can be generated per 1 PH/s or 1 TH/s of hashrate per day. This metric quantifies the benefits that miners can expect from a given amount of hashrate.
CryptoQuant founder: Bitcoin hash price hit a record low, some mining companies have transferred to other PoW coins for hedging
2024-06-29 01:43:17
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