The computational capacity of Bitcoin's network has decreased by around 44 exahash per second (EH/s) in the past four days, resulting in a decrease in the network's hashrate and hashprice. This reduction in revenue is due to Bitcoin's 3.9% decline against the US dollar over the last seven days. As a result, block intervals have slightly slowed, potentially leading to a minor difficulty adjustment. However, this adjustment is unlikely to provide significant relief to miners who are already facing challenges with falling revenue and reduced transaction volumes.
- Content Editor ( news.bitcoin.com )
- 2025-01-11
Bitcoin’s Hashrate Takes a Nosedive: Miners Grapple With Plummeting Profits