PANews reported on November 18th that, according to CoinDesk, Luxor data shows that Bitcoin's hash price has fallen to its lowest level in five years, currently at $38.2 PH/s. This metric reflects the expected revenue a miner can earn from a given amount of computing power. The hash price depends on four key variables: network difficulty, Bitcoin price, block subsidies, and transaction fees. The hash price rises as the Bitcoin price and total transaction fees increase, and falls as mining difficulty increases. Furthermore, Bitcoin's hashrate remains near record levels, with a seven-day moving average exceeding 1.1 ZH/s. Meanwhile, the Bitcoin network difficulty remains close to its all-time high of 152 T. Transaction fees remain extremely low; mempool.space shows that high-priority transactions cost 25 cents or 2 sat/vB.PANews reported on November 18th that, according to CoinDesk, Luxor data shows that Bitcoin's hash price has fallen to its lowest level in five years, currently at $38.2 PH/s. This metric reflects the expected revenue a miner can earn from a given amount of computing power. The hash price depends on four key variables: network difficulty, Bitcoin price, block subsidies, and transaction fees. The hash price rises as the Bitcoin price and total transaction fees increase, and falls as mining difficulty increases. Furthermore, Bitcoin's hashrate remains near record levels, with a seven-day moving average exceeding 1.1 ZH/s. Meanwhile, the Bitcoin network difficulty remains close to its all-time high of 152 T. Transaction fees remain extremely low; mempool.space shows that high-priority transactions cost 25 cents or 2 sat/vB.