Bitcoin hash price hits record low, miners face 'survival game'
Despite the plunge in hash price, most Bitcoin miners remain profitable for the time being.

Despite the plunge in hash price, most Bitcoin miners remain profitable for the time being.
Bitcoin's hash rate hits a record 500 exahashes per second, drawing praise from Elon Musk. Yassine Elmandjra compares Bitcoin's processing power to astronomical scales. Musk's ongoing crypto interest includes considering Bitcoin use on Mars.
South Korea's Hashed Ventures invests $28.44 million globally in blockchain amid the crypto winter, focusing on diverse sectors and overcoming past regulatory scrutiny to strengthen Web 3 development.
Report released, artificial intelligence, DeFi, RWA, Hashed's outlook for nine major areas in the new year: Bitcoin ecological infrastructure explodes, AI and blockchain integration continue to promote golden finance, and the synergy between artificial intelligence and blockchain is expected to bring Come to new progress.
Bitcoin concludes 2023 with an unprecedented hash rate of 544 EH/s, doubling since January. Despite a 150% surge in price to $42,300, individual miners face profitability challenges. The intricate relationship between hash rate, price, and mining difficulty defines Bitcoin's evolving landscape.
Bitcoin network hash rate hits an all-time high.
The Bitcoin mining firm is looking beyond its current troubles into next year to secure the energy it needs to make up a more significant portion of the network’s hash rate.
With China out of the competition, the US picked up the slack to become the highest BTC hash rate contributor — representing 37.84% of the total mining power by Jan 2022.
Yield-generating app Stablegains, which is facing a lawsuit that lost about $44 million worth of user funds in the Terra crash, has previously said it allocated the funds to "multiple stablecoins."