Sub-$20K Bitcoin price puts BTC miner profits under pressure as hash rate soars

Sub-$20K Bitcoin price puts BTC miner profits under pressure as hash rate soars

Market Analysis
October 26, 2022 by secret
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[ad_1] October witnessed a surge in Bitcoin’s hash rate, which is pushing the metric to a new high of 245 exahashes per second. These changes led to a sharp decrease in the hashprice, resulting in a drop in the profit margins for Bitcoin (BTC) miners and reaching a low of $66.8 per petahash on Oct. 24. According