Data: Bitcoin hashrate falls to a five-year low.

PANews, November 18 news, according to CoinDesk, Luxor data shows that the hash price of Bitcoin has fallen to its lowest level in five years, currently at $38.2 PH/s. This indicator reflects the income a miner can expect to earn from specific computing power. The hash price depends on four key variables: network difficulty, Bitcoin price, block subsidy, and transaction fees. The hash price rises with the increase in Bitcoin price and total transaction fees, and falls with the increase in mining difficulty. In addition, Bitcoin's computing power remains close to record levels, with a seven-day moving average exceeding 1.1 ZH/s. Meanwhile, the Bitcoin network difficulty remains close to its historical high of 152 T. Transaction fees are still very low, with mempool.space showing that high-priority transaction fees are 25 cents or 2 sat/vB.