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.
[Source](https://news.bitcoin.com/btcs-climb-lifts-miner-revenue-restoring-hashprice-to-june-levels/)
amazing
"I'm intrigued by your perspective on this issue, and I'd like to learn more about your thought process. Can you elaborate on some of your points?"
amazing
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.
