CryptoQuant Founder: Bitcoin hash price hits historical low, some mining companies have switched to mining other PoW coins for hedging
CryptoQuant founder and CEO Ki Young Ju posted on social media that the hash price of Bitcoin has hit a historic low. Many mining companies have slowed down their investment in mining machines, with some companies turning to other PoW currencies to hedge against market uncertainty. Hash price is a term created by Bitcoin mining service company Luxor, referring to the expected value generated per day per 1 PH/second or 1 TH/second of computing power. This indicator quantifies the benefits miners can expect from a specific amount of computing power.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
ECB survey adds fuel to rate hike prospects: inflation expectations rise across the board, all above the 2% target
The European Central Bank stated that consumer inflation expectations rose in August.
UNI briefly reached $9
Orion180 Insurance Prices $240 Million IPO at $12 a Share
Bank of Japan raises interest rates to 31-year high; Governor Ueda Kazuo: Does not rule out a 50 basis point or consecutive rate hikes, but cautions against excessive tightening of financial conditions
The Bank of Japan (BOJ) raised interest rates on Friday to the highest level in 31 years and signaled its readiness to continue increasing borrowing costs, joining other major central banks in combating the persistent inflation pressures triggered by surging oil prices.
Crypto prices
More
