Bitcoin miners are celebrating as the hashprice, a mining metric that quantifies earnings from hashrate, has reached $91 per PetaHashes per day (PH/Day), the highest in six months and a 27% increase in the past week. The hashprice is directly related to Bitcoin’s price and transaction fees earned by miners. Miners have been aggressively selling their holdings since the late-October rally, with over 5,000 BTC coins offloaded. This is welcome news for miners who faced financial difficulties during the crypto winter of 2022. It is important to note that this information is for informational purposes only and should not be considered investment advice.
AI Sentiment: Positive