Bitcoin Miners See 100 EH/s Exit Network as Prices and Revenues Fall. With bitcoin’s price declining 5% over the past week, miners have been experiencing reduced revenue as the hashprice has dropped to a level not seen since May. Currently, the hashprice, which is the estimated daily value of 1 petahash per second (PH/s), is below $50 and hovering just above $47 per PH/s. Declining Bitcoin Value Squeezes Mining Revenues and Hashrate. Over the past week, bitcoin (BTC) has decreased by 5%, and over the last 30 days, it has shown a 10% decline. This drop in price has impacted bitcoin miners and their earnings from block rewards and associated fees. Currently, miners earn between 0.076 BTC and 0.16 BTC in fees per block, significantly lower than a few months ago.

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*Bitcoin network hashrate on Saturday, June 29, 2024.* 

 Bitcoin miners have been experiencing reduced revenue as the hash price has dropped to a level not seen since May . The average revenue per performed hash, known as the hash price, has reached its lowest level since October 2023 . This decline in revenue has led to some miners exiting the network, resulting in a decrease in the total network hash rate 

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