Weekly Newsletter
2 Aug 2022

Hashrate Begins To Ramp Back Up In The US South

July marked a month of reconciliation following June's price decimation and, with cautious optimism in mainstream markets, the outlook for August is hopeful

A strong 7 days for bitcoin saw the token's value rise to $24.5k late last week, before settling at $22.8k at present. July marked a month of reconciliation following June's price decimation and, with cautious optimism in mainstream markets, the outlook for August is hopeful.

The 14-day moving average Bitcoin Network hashrate currently stands at just above 200 EH/s — a modest increase week-on-week — as hashrate begins to ramp back up in the US south. Difficulty is unchanged since last week at 27.7T; tomorrow's adjustment is expected to signal a 1.6% increase to 28.1T following three successive decreases. Hash price briefly regained the $0.110 mark late last week, though the price slide since leaves it flat week-on-week at $0.105.

Network Metrics

Lake Parime Bitcoin Network Metrics 2022-08-02T12:00:00.000Z

Mining Hardware Price Update

Lake Parime ASIC Machine Prices (Blurred)
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