At Bitcoin Asia, Luxor’s Ethan Vera explained how the concept of hashprice became the foundation for bitcoin mining hashrate derivatives.Like oil futures, mo...

Bitcoin miners saw a brief reprieve as hashprice recovered above $51/PH/s on Wednesday, lifted by Bitcoin’s price rally to $116,000 on the first day of “Uptober.”

Bitcoin’s mining economics tightened further over the past week as hashprice fell to its lowest level in more than a year, pressured by a sharp decline in bitcoin’s price and a still-elevated network hashrate.