#Hash price surged 16%.#
Hot Topic Overview
Overview
Bitcoin's price surge above $105,000 has led to increased revenue for Bitcoin miners, boosting the price of hashpower in tandem. Hashpower has risen 16.53% so far, reaching $60.85 per PH/s. However, miners still face challenges like slower block speeds and potential difficulty drops. The hashrate currently lags at 788.62 EH/s, below the peak of 824 EH/s reached on January 6th. While transaction fees have slightly increased to $1.95, overall, Bitcoin miners are witnessing improved profitability.
Ace Hot Topic Analysis
Analysis
Recently, Bitcoin's price broke through $105,000, leading to an increase in Bitcoin miners' revenue and a subsequent rise in hash prices. As of now, hash prices have climbed to $60.85 per PH/s, up 16.53% since Monday. Nonetheless, miners still face some challenges, such as slower block speeds and potential difficulty drops. Data shows that the hash rate is currently lagging behind at 788.62 EH/s, lower than the peak of 824 EH/s on January 6th. Additionally, despite a slight increase in transaction fees to $1.95 on January 17th, overall miner revenue remains negatively impacted by slower block speeds and difficulty drops. Therefore, while the increase in hash prices has brought short-term gains for miners, in the long run, they need to address these challenges to remain profitable.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Bitcoin price breaks $10.5k, causing Bitcoin miner revenue to increase.
Hash price is up 16% to $60.85 per PH/s.
Despite the hash price increase, challenges remain, including slower block speeds and potential difficulty drops.
Hash rate is lagging at 788.62 EH/s, below the January 6th peak of 824 EH/s.