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Bitcoin Hash Rate Drop: Miners, the Halving and Coronavirus Suspected

From cointelegraph.com

The Bitcoin (BTC) network hash rate took a steep dive on March 26, dropping by a whopping 15.95%, which is a 45% sink from its peak highs of 2020. The hash rate dipped from 136.2 quintillion hashes per second on March 1 to just 75.7 EH/s on March 26, according to data from Blockchain.com. Analytics website Coin Dance reported similar findings, with the 2020 peak standing at about 150 EH/s on March 5 and then dropping to 105.6 EH/s 10 days later, thus showing a 29% decrease. The combined effects of the hash rate decrease and the ensuing outflow of miners from the market have resulted in arguably one of the biggest ... (full story)

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  • Category: Fundamental Analysis