Bitcoin Mining Faces Challenges Amid Profitability Decline

According to PANews, a report from Miner Weekly highlights significant challenges in the Bitcoin mining industry due to a sharp decline in profitability. In November, Bitcoin experienced a substantial price correction, causing the revenue per unit of hash power to drop from $55 to $35 per PH/s. This figure is now below the median total cost of approximately $44 per PH/s for publicly listed mining companies. The global hash rate is nearing 1 source: https://www.binance.com/en/square/post/33149455773066?utm_source=BinanceNewsRSS