The bitcoin hashrate gained 100 EH/s in just one year, but the next milestone might take longer. egreechee reports.
, a measure of mining profitability, bounced back to over $70 per petahash/second from below $60/PH/s at the end of 2022.
At an electricity cost of $0.06 per kilowatt hour , “equipment with an efficiency of 50J/TH is now profitable whereas a month ago, equipment with an efficiency of 40J/TH could barely generate any meaningful profit,” Zhao said. But the turbo-growth of 2022 will not be repeated: The overall deterioration in mining economics will stunt the rate of hashrate growth in the next year, analysts said.
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