Bitcoin Miners’ $56B Gambit: A Tale of Hashrate & Hubris đŠđ„
The surge in their fortunes coincided with the Bitcoin networkâs hashrate ascending to 1,031 EH/s-a figure so grand it might rival the estate of Lady Catherine de Bourgh. Yet, for all their triumphs, the profitability of these miners has dwindled, with daily block rewards plummeting 10% to a mere ÂŁ49,700 per EH/s (a sum that would scarcely feed a single Bennet daughter for a fortnight). Gross profits, too, have fallen by 17% year-over-year, though one suspects the minersâ pride remains unshaken, for what is ambition but the triumph of hubris over arithmetic?








