Bitcoin Hashprice Jumps 20.4% in Four Days to $38.29 per PH/s
Summary
- Bitcoin hashprice jumped about 20.4% over the past four days to $38.29 per PH/s.
- The Bitcoin network’s hashrate climbed to about 922 EH/s, nearing 1 ZH/s and intensifying competition among miners.
- Through Aug. 22 this month, Bitcoin miners earned a combined $682.69 million from block rewards and transaction fees, while total mining revenue was $875 million last month.
Forecast Trend Report by Period
Bitcoin hashprice, a gauge of miner profitability, has surged more than 20% over the past four days.
Odaily reported on Aug. 23 that Bitcoin hashprice rose to $38.29 per PH/s on Aug. 22 from $31.80 per PH/s on Aug. 18, an increase of about 20.4% over the period. A higher hashprice means miners can generate more revenue from equipment with the same computing power.
The Bitcoin network’s total hashrate climbed to about 922 EH/s on Aug. 22, nearing 1 ZH/s. A higher hashrate typically signals tougher competition among miners.
Bitcoin miners earned a combined $682.69 million from block rewards and transaction fees through Aug. 22 this month. Of that total, transaction fee revenue was about $5.14 million.
Total mining revenue reached $875 million last month.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul