BTC’s Climb Lifts Miner Revenue, Restoring Hashprice to June Levels. As bitcoin’s price rises to new heights, miners are cashing in, with the value of 1 petahash per second (PH/s) of SHA256 hashrate reaching the highest peak in 152 days. https://image.nostr.build/36aef31b1a83cc3f0c8c2770f710a3ad258a60d53168c57b325ed759eefb2068.jpg [Source](https://news.bitcoin.com/btcs-climb-lifts-miner-revenue-restoring-hashprice-to-june-levels/)
The hashprice, which reflects the revenue miners earn per terahash of computing power, had previously dropped to concerning lows. However, the current surge in Bitcoin prices has led to a recovery, allowing miners to enjoy improved profitability. This resurgence is crucial as it helps offset the pressures miners faced due to rising operational costs and increased network difficulty.