Report: Despite Bitcoin mining difficulty increase, mining hashrate remains stable
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Odaily Odaily News Despite a small increase of 1.4% in Bitcoin mining difficulty, the Bitcoin mining hash price (the income of miners for mining blocks per unit of hash power per day) remained at about $48 per hash/second (PH/s). Data from CoinWarz showed that on March 23, at block 889,081, Bitcoin mining difficulty climbed to 113.76 trillion, higher than the difficulty of 112.1 trillion in the previous cycle. According to TheMinerMag, hash prices below $50 put financial pressure on miners running older hardware such as Antminer S19 XP and S19 Pro. Older hardware, coupled with declining network transaction fees, could push some miners into an unprofitable situation - forcing them to shut down their hardware until they upgrade their application-specific integrated circuits (ASICs) or network conditions change.
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