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Hashprice Near Critical Level, Bitcoin Miners Feel the Squeeze: Report

The post Hashprice Near Critical Level, Bitcoin Miners Feel the Squeeze: Report appeared com. Bitcoin’s mining sector is under mounting pressure as the hash price, the industry’s key profitability metric, slips toward levels that could force smaller operators offline and strain the wider supply chain. Hash price, which measures expected daily revenue per unit of computational power, is currently around $42 per petahash per second (PH/s). The metric has been in steady decline since July, when it surged above $62 per PH/s. The push toward the $40 level leads Bitcoin mining operations, which are already facing razor-thin profit margins, to consider shutting down their rigs, according to TheMinerMag. The decline in hash price is also affecting the mining supply chain. Hardware providers are filling fewer orders to struggling miners and are also taking a hit on any BTC-denominated sales due to the drop in price after the October market crash, the report said. Hash price plummets and nears a critical level. The razor-thin profit margins, high capital expenditure on upgrading hardware and rising energy costs have caused many Bitcoin miners to pivot to AI and high-performance computing data centers to generate revenue as Bitcoin mining becomes more competitive. Related: US energy secretary floats faster direct grid access for AI and crypto miners Miners pivot to AI amid constantly increasing hashrate Bitcoin miners are guaranteed to have their rewards slashed by 50% every four years during the Bitcoin halving, as the computational power and electricity needed to mine blocks continue to climb. The Bitcoin network hashrate continues to climb and has broken past 1 zetahash per second (ZH/s).

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DeFi Turns Toward Transparency Amid Market Turmoil

The post DeFi Turns Toward Transparency Amid Market Turmoil appeared com. Balancer suffered one of the largest decentralized finance (DeFi) exploits on Monday, with more than $116 million in staked Ether and liquidity pool tokens drained from Balancer v2 contracts and several forks. The decentralized exchange (DEX) and automated market maker (AMM) investigated what appeared to be faulty access control in its smart contracts, which allowed the attackers to withdraw funds directly from liquidity pools. The exploit began with a $70 million loss, which ballooned to $116 million, primarily affecting liquid staking assets such as Lido’s wstETH and StakeWise’s osETH. In a bid to recover losses, Balancer offered a 20% white hat bounty to the attackers. The team warned that it’s working with law enforcement and blockchain forensics to identify the culprit. On Tuesday, Balancer came under scrutiny as community members pointed out the extensive audits it had undergone, only to still be hacked in the end. “Balancer went through 10+ audits,” said Suhail Kakar, a developer relations lead at the TAC blockchain. The hack also showed signs of months-long planning by a skilled attacker. Conor Grogan, director at Coinbase, said the hacker appeared to be experienced and had funds potentially linked to previous exploits. On Thursday, Balancer released a preliminary post-mortem report after the $116 million hack. The protocol said it was hit by a sophisticated code exploit that targeted its v2 Stable Pools and Composable Stable v5 pools. The event triggered stablecoin depeggings and liquidity freezes across the ecosystem due to associated assets. DeFi analysts said the protocol’s collapse had a ripple effect throughout DeFi, with millions.

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2015 Mini Cooper S Roadster at No Reserve

This 2015 Mini Cooper S Roadster is powered by a turbocharged 1. 6-liter inline-four paired with a six-speed Steptronic automatic transaxle and is finished in White Silver Metallic over Carbon Black leatherette. It has a black convertible top, a speed-activated rear spoiler, xenon headlights, LED fog lights, and 17″ wheels along with a wind deflector, a CD stereo, a Harman Kardon sound system, and air conditioning. Acquired by the current owner in 2025, this R59 Cooper S Roadster has 53k miles and is now offered at no reserve on dealer consignment in Florida with a Carfax report and a North Carolina title.