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As a result of the next recalculation, the difficulty of mining the first cryptocurrency decreased by 7.32%, to 34.24 T.
A comparable depth drop in the indicator was last observed in July 2021.
The smoothed 7-day moving average hash rate is 252 EH/s.
Hash price continues to update historical lows, being at the mark of ~ $ 0.06. A further decline in production profitability may “squeeze out” even more market participants from the market.
Data: Coin Metrics.
“Amid falling coin prices, rising electricity costs and a debt burden, the mining industry is in a state of extreme stress,” Glassnode analysts stated.
Recall that the company Iris Energy turned off most of the devices after a default notice, which received two of its divisions.
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