• Hashrate Index launched the 2022 Bitcoin Mining 12 months in Evaluate, detailing the miming exercise of the bitcoin in 2022.
• The platform identified that the hashprice of the coin is at a 3-month excessive of $78/PH/day.
• It is usually indicated that the value of the coin has damaged via $21,000.

Hashrate Index, the Bitcoin mining information analytic platform launched its 2022 Bitcoin Mining 12 months in Evaluate on January 11, detailing the efficiency of the cryptocurrency in 2022, particularly analyzing its hashprice, hashrate, costs, mining inventory performances, and many others.

The Chinese language reporter Colin Wu up to date his Twitter account Wu Blockchain with the stories from the Hashrate Index on the hashprice of Bitcoin:

Wu identified that the hashprice of the coin hit a 3-month excessive of $78/PH/day, whereas its worth “broke via 21,000 US {dollars}”.

As per the stories, although the present hashprice is a 3-month excessive, it’s comparatively very low from the earlier 12 months. Whereas the bull market of 2021, was “a particularly worthwhile time to mine Bitcoin”, particularly due to China’s Bitcoin mining ban, the scenario was completely different.

Notably, the common hashprice for 2021 was $314.61/PH/day. Additionally, the yearly excessive was as excessive as $412.57/PH/day. Nevertheless, in 2022, issues turned upside down- the USD hashprice excessive was simply $246.86/PH/day. Although the common hashprice was $123.88/pH/day, at a time limit, the hashprice reached an all-time low of $55.94/PH/day.

The platform defines hashprice because the anticipated worth of 1 TH/s of hashing energy per day:

Hashprice, a time period coined by Luxor, refers back to the anticipated worth of 1 TH/s of hashing energy per day. The metric quantifies how a lot a miner can count on to earn from a particular amount of hashrate.

As well as, Luxor gives the bitcoin group a chance to foresee the issue for the miners to “discover the subsequent Bitcoin block within the chain”, by showcasing the Bitcoin Worth Issue Chart. Luxor’s Bitcoin worth is an index worth that’s calculated by “taking the Quantity Weighted Common Worth (VWAP) of the Bitcoin worth information from a number of exchanges.