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Bitcoin hash rate falls 13% in one day, mining difficulty estimated to drop 10%

by The Dao Makers
December 31, 2022
in Mining
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Bitcoin’s (BTC) hash charge fell 13% on Dec. 27 to 202.17 EH/s from round 240 EH/s recorded on Dec. 26.

It has since recovered to 234 EH/s, as of press time.

Supply: Glassnode

The hashrate decline is predicted to result in a 7% to 10% drop in mining problem.

BTC’s mining problem is close to a document excessive at 35.36T. The estimated decline will see the mining problem drop to between 31T and 32T, in keeping with bitrawr.

On Chrismas eve, BTC’s hash charge fell over 40% as a result of main miners within the U.S. had shut operations because of the winter storm. Whereas the hash charge quickly recovered on Christmas day, peaking at round 247.87 EH/s, it has steadily declined since.

The put up Bitcoin hash charge falls 13% in someday, mining problem estimated to drop 10% appeared first on CryptoSlate.



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