Bitcoin Hashprice Falls to a 5-Year Low — Here Is Why Miners Are Feeling the Squeeze

"Bitcoin hashprice has plummeted to a five-year low, significantly impacting profitability within the mining sector. This decline can be attributed to a combination of factors, including increased competition among miners, rising electricity costs, and a decrease in Bitcoin's market price. As a result, miners are feeling the financial squeeze, facing challenges that could potentially force some to halt operations or seek more efficient methods to maintain viability in an increasingly competitive landscape." source: https://blocknews.com/bitcoin-hashprice-falls-to-a-5-year-low-here-is-why-miners-are-feeling-the-squeeze/