Bitcoin mining revenue metric fell 8.7% in a week to $32.86
Original headline비트코인 채굴 수익 지표 한 주 새 8.7% 하락해 32.86달러
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Bitcoin’s hashprice, a key mining revenue metric, fell 8.7% week-over-week to $32.86 per PH/s per day as of Nov. 3, down from $35.99, according to Hashrate Index. The BTC-denominated hashprice also dropped 5.1% to 0.00042635 BTC per PH/s per day from 0.00044922. The decline coincided with a 3.5% weekly drop in bitcoin’s price and a 7-day move in network hashrate. The metric reflects expected gross revenue per unit of computing power, not net profit after electricity costs or real utilization. Traders will watch whether bitcoin’s price and network hashrate stabilize, since further hashprice weakness would pressure miner margins.
Muhabbit's AI wrote this summary in its own words from TokenPost's report and translated it from Korean. It can get details wrong, so check the source.
Named in this story
Bitcoin (BTC), Hashrate Index
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