Bitcoin Miners Face Record-Low Profitability as Hashrate Revenue Falls to $35/PH/s
Bitcoin miners are experiencing their most challenging profitability environment on record, with hashrate revenue declining to approximately $35/PH/s from around $55/PH/s in Q3, Miner Weekly reported on December 2. The figure now sits below the average all-in cost of $44/PH/s for major public miners. With network hashrate approaching 1.1 ZH/s, payback periods for the latest mining equipment now exceed 1,000 days, surpassing the roughly 850 days remaining before the next halving.