Glassnode data shows Bitcoin miner hash price has now dropped to a new all time low as this Crypto Winter continues on.

Bitcoin Miner Hash Price Declines To New All-time Low

Data shows that the Bitcoin miner hash price has now declined to $58.3k per Exahash per day, a new all-time low for the metric.

Bitcoin Miner Hash Price Has Continued To Trend Down Recently
As per data from the on-chain market intelligence firm Glassnode, miners have remained under extreme pressure in this drawdown.

The “miner hash price” is an indicator whose value is calculated by taking the ratio between the daily miner revenues and the mining hashrate.

Here, the “mining hashrate” refers to the total amount of computing power currently connected to the BTC network, and its value is measured in Exahash per second (EH/s).

What the hash price tells us is the income that miners are generating per each unit of this computing power every day.

Full article here: https://bitcoinist.com/bitcoin-miner-hash-price-declines-new-all-time-low/