The hash price of Bitcoin has hit a record low, and this phenomenon is mainly based on the following information and data:

Definition of hash price: Hash price is a term coined by Luxor, a Bitcoin mining service company, to quantify the benefits that miners expect to gain from a specific amount of computing power. It refers to the expected value that can be generated by 1 PH/second or 1 TH/second of computing power per day.

Details of the historical low: Ki Young Ju, founder and CEO of CryptoQuant, posted on social media that the hash price of Bitcoin has hit a record low.

This shows that in the current market environment, the expected benefits that miners get from mining activities have reached a historical low.

Market reaction and impact: Due to the decline in hash prices, many mining companies have slowed down their investment in mining machines. This shows that under current market conditions, the profitability of mining activities has been severely affected, causing mining companies to reduce their investment in this area. Some companies have begun to turn to other PoW (proof of work) cryptocurrencies to hedge against market uncertainties. This shows that in the case of declining Bitcoin mining revenue, some mining companies are looking for other cryptocurrencies with more profitable potential for mining.

Summary and conclusion: The record low of Bitcoin hash price is a significant phenomenon in the current cryptocurrency market. It reflects the reduced profitability of mining activities, which has led mining companies to reduce investment and seek mining opportunities in other cryptocurrencies. This phenomenon may have a profound impact on the entire cryptocurrency mining ecosystem, including the business strategies of mining companies, the income of miners, and the competitive landscape of the entire industry.

Reference 4 information sources