According to BlockBeats, on June 29, CryptoQuant founder and CEO Ki Young Ju posted on social media that Bitcoin's hash price has hit a record low. Many mining companies have slowed down their investment in mining machines, and some companies have turned to other PoW currencies to hedge against market uncertainties.
“Hash price” is a term coined by Luxor, a Bitcoin mining services company, and refers to the expected value that can be generated per 1 PH/second or 1 TH/second of computing power per day. This metric quantifies the benefits that miners can expect to gain from a specific amount of computing power.
