Mining

# Double Your Mining Profits w/ BTC Price Drop

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March 18, 2022 May 11, 2022

It is not a secret that Bitcoin’s hashrate and mining revenue (ROI) are inversely proportional and it is obvious for miner revenue to decrease when BTC hashrate is going vertical. On the contrary, a higher price for Bitcoin stands for higher mining earnings with regard to miners who discover the blocks that they need to get in order to make profit.

Despite hitting a 6-month low at the end of February, Bitcoin’s network difficulty has continued to grow unavoidably, with its hashrate scaling up to new all-time-high indicators — registering an average value of 212 EH/s.

Source: https://bitinfocharts.com/comparison/bitcoin-hashrate.html#3y

At the beginning of 2022, the rate reached 190 EH/s as mining operations moved to Canada, the US, Norway, Iceland, among others. All signs indicate that the BTC hashrate will only propel continuously. But why is Bitcoin hashrate so crucial and how will it influence the Bitcoin ecosystem?

The total hashrate volume displays the number of miners participating in the Bitcoin mining procedure. In this context, the more people mine Bitcoin, the higher is the hashrate. Conditioned that more and more people trade Bitcoins, there needs to be more Bitcoin asset liquidity and scalability.

For all miners, a high BTC price designates higher mining rewards from transaction fees on the Bitcoin ledger. That being said, when the BTC price skyrockets, it, as a rule, invites more miners.

The crypto market has shown an incredible price drop over the last month and for many, it is a catastrophe. But there is a definite way to save your funds and even have a twofold ROI increase!

It’s more than enough to make simple calculations: If the current BTC price (nearly $40K) regains its position back to $60K, you will double your mining profits effortlessly!

Here is a simple calculation for you:

12-month plan

Contract Price: 0.018 BTC

Contract Hashrate: 10 TH/s

Current BTC Price: $40K

Future BTC Price: $60K

Estimated ROI: 70%

Based on institutional orders and predicted ASIC manufacturing trends, average BTC hashrate gains in 2022 will lead to a network size between 225 – 270 EH/s. Time to make double ROI on BTC mining when such a golden opportunity arises! With Hashing24 gigantic hash power capacities, you can invest in BTC cloud mining when there is such an awesome window of opportunity with relatively acceptable hashrate for BTC mining.

The Bitcoin hashrate is expected to keep increasing because the largest mining firms in the US and Canada are investing billions in new mining rigs. Russia and Kazakhstan have demonstrated their inability and unwillingness for crypto mining recognition and adoption. As a result, the Western countries are forming their giant crypto mining hubs to keep up with the ever-rising mining needs. This could turn into BTC’s next bullish trend, as the upward movement in the value of hashrate metrics shows the profitability of BTC mining and it might drive new miners into the blockchain.

Judging from mining data statistics, the Bitcoin network’s difficulty is prone to sequential upsurge when the next update occurs in another week or two, thus marking another ATH.

Source: https://www.blockchain.com/charts/miners-revenue

When it comes to Bitcoin mining, a higher hashrate equates to a good hashrate. Likewise, a higher price for Bitcoin means higher earnings for the miners to make profit. What are you waiting for? Time to buy more hashpower when the price is low and the market is investor-friendly for high ROI. And this is where Hashing24 can offer you a win-win solution for non-stop and enterprise-grade BTC cloud mining. Select the preferred tariff plan, hash power and full speed ahead to make passive income effortlessly.

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