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Bitcoin Hashrate Drops 15% as Miners Redirect Power to AI Workloads
Bitcoin’s network hashrate has finally slipped below 1,000 EH/s, coming in at around 993 EH/s according to Hashrate Index – something we havent seen since mid-September. That’s a 15% tumble from the network high point of 1,157 EH/s back in mid-October. The decline in hashrate is no surprise given that even as Bitcoin difficulty has adjusted downward a few times since mid-November, and hashprices have actually gone up from $37 to $40 per petahash per day. When you look at the big picture though, the numbers are telling us that miners are still under a lot of pressure, even with higher block rewards. • 7 day ... (full story)
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