Low hash price, soaring energy costs spell tough Q3 for Bitcoin miners
The third quarter of 2022 has not been any kinder to Bitcoin mining operators in North America and Europe.Energy problems in North America and Europe and prevailing market conditions have spelled another bleak quarter for Bitcoin mining operators on both continents.
Hash price is the measurement used by the industry to determine the market value per unit of hashing power. This is measured by dividing the dollar per terahash per second per day and is influenced by changes in mining difficulty and the price of BTC.As Hashrate Index reports, Bitcoin’s hash price was afforded some reprieve in the middle of Q3 as heat waves during the American summer led to a drop in hash rate, which corresponded with a slight BTC price recovery.
Source
t.me/Mining_Crypto_Miner
