Data: Bitcoin hash rate falls to a five-year low

According to Luxor data, 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, the price of Bitcoin, block subsidies, and transaction fees. The hash price rises as the price of Bitcoin and total transaction fees increase, and falls as mining difficulty increases.