| On May 25, as a result of another recalculation, the difficulty of mining the first cryptocurrency decreased by 4.33% to 29.9 T. The decrease in the indicator was the highest since July 2021.
The average hashrate over the approximately two-week period since the previous difficulty correction was 214 EH/s, also down 4.3% from its high.
According to Glassnode, the first cryptocurrency’s smoothed 7-day moving average of network computing power fell to 205.9 EH/s from the all-time high of 208.5 EH/s on May 5.
According to Arcane Research analyst Jaran Mellerud, mining profitability continues to plummet.
In November 2021, Antminer S19 miners from Bitmain, consuming 1 MWh, brought the owner $500. At the moment, this figure has dropped to $146. Devices of the S9 series with a corresponding figure of $40 approached the break-even point.
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