Since the fourth halving, the price of Bitcoin hash has fallen to a historic low.
PANews reported on April 29 that according to The Bock, Hashrate Index data shows that the Bitcoin hash price (the dollar value of a unit of hash power per day) has fallen to a record low since the fourth halving on April 20. Although miners' income surged briefly after the halving due to the windfall in transaction fees brought by the Rune frenzy, the hash price has now fallen to less than $50 per PH/s per day.
Hash price is a term coined by Luxor, a Bitcoin mining service company, which refers to the expected value of 1 PH/s or 1 TH/s of hash power per day. This indicator quantifies the benefits that miners can expect from a specific amount of hash rate.
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