After record profits on the Bitcoin halving day ($BTC ), miners are faced with a new reality: high network hashrate and declining revenues are reducing profits. The average miner's income per hash completed, known as the hash price, has reached its lowest level since October 2023. 📉 The hash price for miners fell from almost $0.12 in early April to $0.07 after the halving. Despite the drop in rewards, the overall network hashrate remained stable, suggesting that mining $BTC is still profitable at current Bitcoin prices.

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