Hashprice, a key metrics used to measure miner revenue, is currently hovering near a five-year low, according to Hashrate index-a sharp reminder of how difficult mining business has become.

Simply put, the metric is income mining workers can expect per. Device with computing power, denoted with petahash (pH/s). It can be denoted in US dollars or BTC, although most often cited in USD for practical comparison.

At present, hashish is $ 44.00 pH/s, just over its low August 2024, when Bitcoin reached $ 49,000 in the middle of the yen berry relaxing. Currently, Bitcoin is trading about $ 84,000.

Despite the higher BTC price, the miner revenue, which paints a serious picture of the mining sector as a whole, decreases after the recent halving event cut the benefits of half. Rising competition, higher mining, lower transaction revenue and increase in energy costs has added more pressure to revenue.

However, it’s not all bad. At about $ 44.00 PH/S levels, depending on the type of miners used by miners, miners can still be near or on the breakeven, although far from 2021’s mining run.

Looking ahead, worsening market conditions, stagnant Bitcoin prices and geopolitical uncertainty, such as potential tariffs affecting mining, could create further headwinds for industry.

This is reflected in the performance of Valkyrie Bitcoin Miners ETF (WGMI), which has fallen 50% years to date, while BTC fell approx. 10%, which emphasized the challenging environment facing the mining sector.

It makes sense that miners are increasingly involved in other revenue streams, such as redistribution of computing power to artificial intelligence.

Read more: Bitcoin mining.