Happy Monday Miners. βοΈ
This week we cover why Bitcoin Miners are reading the wrong chart. In USD, hashprice looks dead (~$5 off the February low). But in BTC terms, you're earning over 10% MORE sats per petahash than at the November hashrate peak. Why? ~20% of the network's hashrate came offline (1,117 β 894 EH/s), difficulty dropped, and so the efficient operators still online are getting rewarded with more BTC for the same machines.
π Comment below, are you mining for dollars or for Bitcoin?
Numbers subject to change. Not financial advice.