The price of Bitcoin has experienced significant fluctuations recently, causing a decline in the network's computing power. The hashrate dropped from 806 exahash per second (EH/s) to 771 EH/s on December 21. However, over the past three days, the hashrate has begun to recover, increasing by 11 EH/s. The price of Bitcoin reached an all-time high of $108,364 per coin on December 17 but fell to $92,118 per coin just three days later. This volatility has impacted mining revenue, with the estimated daily value of 1 petahash per second (PH/s) dropping from $65.10 to $55 per PH/s. Despite these fluctuations, the network's hashrate remains high at around 781.98 EH/s. As the next difficulty adjustment approaches, the Bitcoin network's response to these changes will be closely monitored by miners and investors.
- Content Editor ( news.bitcoin.com )
- 2024-12-25
Bitcoin’s Price Rollercoaster Takes Miners for a Ride—Hashrate Begins to Recover