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Bitcoin Miners' Daily Revenue Per Unit of Computing Power Drops 8.7%

(3 hours ago) · 1 source · Summarized by CryptoBipto

Bitcoin miners have seen their daily revenue per unit of computing power (hashprice) decline by 8.7%. The drop comes alongside a reported 16% rebound in mining difficulty, which increases the computational effort required to mine new blocks.

WHY IT MATTERS

Bitcoin mining is the process by which specialized computers compete to validate transactions and earn new Bitcoin as a reward.

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SOURCES

  • cryptoslate.com

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