Hashrate Index Launches 2022 Bitcoin Mining Year in Evaluation

Hashrate Index, the Bitcoin mining information analytic platform launched its 2022 Bitcoin Mining Year in Evaluation on January 11, detailing the efficiency of the cryptocurrency in 2022, particularly examining its hashprice, hashrate, rates, mining stock efficiencies, and so on

The Chinese press reporter Colin Wu upgraded his Twitter account Wu Blockchain with the reports from the Hashrate Index on the hashprice of Bitcoin:

Wu mentioned that the hashprice of the coin struck a 3-month high of $78/PH/day, while its cost “broke through 21,000 United States dollars”.

According to the reports, though the present hashprice is a 3-month high, it’s relatively extremely low from the previous year. While the booming market of 2021, was “an incredibly rewarding time to mine Bitcoin”, specifically due to the fact that of China’s Bitcoin mining restriction, the scenario was various.

Significantly, the typical hashprice for 2021 was $314.61/ PH/day. Likewise, the annual high was as high as $412.57/ PH/day. Nevertheless, in 2022, things turned upside down- the USD hashprice high was simply $246.86/ PH/day. Though the typical hashprice was $123.88/ pH/day, at a moment, the hashprice reached a lowest level of $55.94/ PH/day.

The platform specifies hashprice as the anticipated worth of 1 TH/s of hashing power each day:

Hashprice, a term created by Luxor, describes the anticipated worth of 1 TH/s of hashing power each day. The metric measures just how much a miner can anticipate to make from a particular amount of hashrate.

Bitcoin Rate and Trouble

In addition, Luxor offers the bitcoin neighborhood a chance to visualize the problem for the miners to “discover the next Bitcoin block in the chain”, by showcasing the Bitcoin Rate Trouble Chart. Luxor’s Bitcoin cost is an index cost that is determined by “taking the Volume Weighted Average Rate (VWAP) of the Bitcoin cost information from several exchanges.