Profitability across the Bitcoin mining industry is facing new strain amid rising network competition and declining revenue conditions.
Bitcoin miners are facing a fresh squeeze as the network’s hashrate — a measure of the total computing power competing to secure the Bitcoin network — climbed to a record 1.16 ZH/s in October while Bitcoin’s (BTC) price fell toward $81,000 entering November, according to a report by The Miner Mag.
Hashprice, which tracks miner revenue per unit of…
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