There was nothing in your post nor in the reference X post about the hashrate peaks. As for
August 2024 proved to be one of the toughest months for Bitcoin miners in recent history, many would dispute your version of events. If the hashrate was not affected or even increasing then how does that equate to it being tough on Bitcoin miners?
August 2024 proved to be one of the toughest months for Bitcoin miners in recent history. According to QGame, the sector saw a sharp decline in earnings, with a $99.75 million reduction in revenue and a $4.14 million drop in on-chain fees. These numbers mark the lowest point for Bitcoin mining earnings since September 2023. This downturn highlights the persistent challenges faced by miners and raises important questions about the future of crypto mining as market conditions continue to fluctuate.