Bitcoin mining remained unprofitable throughout Q3
Bitcoin (BTC) miners had a rough third quarter, with the cost of mining increasing, although BTC’s price continued to fall, according to the Hashrate Index report.According to the report, the rate at which public miners sold mined BTC dropped for the first time since May.
The best sign of how unprofitable the quarter was is the hashprice. This is revenue that miners make per unit of hashing power, and it has been in free fall since the year began. The hashprice of Bitcoin continued to fall after Bitcoin price dropped below $20,000 again. With the mining difficulty rising, hashprice slipped in the third quarter, dropping 5% from $79.60/PH/day to $83.30/PH/day. The hash price has fallen by 73% on an annual basis to $79.60/TH/day n the third quarter from $290.40/PH/day a year ago.
Source
t.me/Mining_Crypto_Miner
