The Halving Effect: Bitcoin Hashrate Decreases as Miners Prepare for Probable Difficulty Drop

by CryptoExpert

May 6, 2024

in Mining

The Halving Effect: Bitcoin Hashrate Decreases as Miners Prepare for Probable Difficulty Drop

Just over two weeks have passed since the fourth Bitcoin halving took place. During this period, the network’s hashprice dropped from over $100 per petahash to below $45 at the beginning of May. It has since increased to $50 per petahash. Despite the modest rebound, the network’s total hashrate has experienced a decrease, with a […]

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Bitcoin mining giant Poolin files for bankruptcy owing 11,700 users $164 million

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