BTC is still around $64k, but hashprice is only about $32/PH/day right now. That’s basically what miners earn for each unit of computing power. The June low was around $28.

So BTC has recovered a bit, but miner revenue really hasn’t recovered much with it. I keep seeing BTC price used as a shortcut for how healthy miners are. Doesn’t look like a very good shortcut right now.

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