An indicator measuring the profitability of Bitcoin mining is approaching the historical low point reached after the FTX collapse, indicating that miners will face difficult times in the future. According to the computing power index data, the hash price fell to $57 on Friday. This number represents the amount miners can earn per day from the computing power of 1 petahash per second. Shortly after the FTX crash in November 2022, its price reached a historical low of $55.After the Bitcoin halving on April 20th, the hash price immediately soared to $139 due to a series of activities surrounding the Rune protocol that caused transaction fees to skyrocket. According to CryptoQuant's data, this upward trend quickly reversed as fees fell back to pre-halving levels and mining difficulty increased.