Hashprice Record Low 2024 event

Event · PageRank 0.0000

Overview

Hashprice — the revenue a miner earns per unit of hashrate, usually quoted in dollars per petahash per second per day — fell to record lows during 2024 after Bitcoin's April halving cut the block subsidy to 3.125 BTC. It dropped below $50/PH/s in late April 2024, slipped under $45/PH/s in the months after the halving, and reached an all-time low beneath $40/PH/s in early August 2024. The squeeze reflected the halved subsidy combined with a rising network hashrate, and put sustained pressure on both public and private mining operators.

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Frequently asked questions

What is hashprice?

A measure of mining revenue per unit of computing power, typically expressed in dollars per petahash per second per day.

How low did hashprice fall in 2024?

It fell below $50/PH/s in late April 2024 and reached an all-time low of under $40/PH/s in early August 2024.

Why did it fall so far?

The April 2024 halving cut the block subsidy to 3.125 BTC while network hashrate continued rising, so the same amount of mining capacity earned substantially less revenue.