Bitcoin hashrate falls 15% in 10 days, price and difficulties put pressure on BTC miners – Bitcoin mining news

Bitcoin hashrate falls 15% in 10 days, price and difficulties put pressure on BTC miners – Bitcoin mining news

The price of bitcoin has been in a long line of losses since November 10, 2021, when the leading crypto assets reached the highest level of 69 thousand dollars per unit. Over the past two weeks, bitcoin has lost more than 19% of its value, and the hashrate network has fallen from over 200 exahash per second (EH / s) to 174 EH / s, losing approximately 15% in ten days.

Civil unrest in Kazakhstan leads to speculation about hashrate loss, Kazakh bitcoin miners say problems have not affected them

This week civil unrest in Kazakhstan has led many people to speculate on whether this will affect Bitcoin’s global hashrat. The reason for this assumption is because Kazakhstan is estimated to make up at least 18% of the global hashrate, according to the majority recent estimates from the Cambridge Center for Alternative Finance (CCAF). Looking at the 30-day chart for Bitcoin (BTC) The hashrate shows that the hashpower protocol has lost approximately 15% in ten days.

Bitcoin hashrate falls 15% in 10 days, price and difficulties put pressure on BTC miners – Bitcoin mining news
Hashrate statistics January 10, 2022.

Reports emerge from Kazakhstan indicate that civil unrest has stabilized and the Kazakhstan Association of Data Center Industry and Blockchain (NABCD) said the problems did not affect digital currency miners. There have been several problems that may have affected bitcoin miners over the past week that are not related to the problems in Kazakhstan.

The low price and greater difficulties of Bitcoin put pressure on Bitcoin miners

Five days ago, bitcoin (BTC) changed hands by $ 46.5 thousand per unit, but the price fell by more than 10% in value. Moreover, more than a month ago, the best mining equipment with more than 100 terahash per second (TH / s) would have received $ 25 to $ 30 per day per machine and an electricity rate of $ 0.12 per kilowatt-hour. Today, that same mining platform will produce $ 14.87 per day at the time of writing, using the same power consumption. The fall in the price of bitcoin could definitely affect hashrate and could be one of the reasons why it fell by 15%.

Another reason why the hashrate fell by 15% could be due to the latter increasing the weight of mining. The last increase occurred on January 8, 2022, because the difficulty of mining the network jumped 0.41% more. While it may not be that much of an increase, the difficulty is terribly close to the top metric value of all time, and the network has experienced three consecutive increases in a row. In more than 11 days from now, the difficulty of mining is expected to increase again, by 0.67% more than today.

Bitcoin hashrate falls 15% in 10 days, price and difficulties put pressure on BTC miners – Bitcoin mining news

currently pool distribution statistics in the last three days the show F2pool and Foundry USA are today the world’s largest mining basin, as both pools have 16.74% global hashrate or 29.03 EH / s per pool. There are 13 well-known mining pools dedicated to SHA256 hashrate BTC chain and unknown hashrate represents 1.40% of the aggregate or 2.42 EH / s. Despite the recent decline in hashrate, from December 31 to date, hashrate has increased by 26.08% compared to the day before the new year.

Labels in this story

15% loss, 174 EX / s, bitcoin hashrate, Bitcoin miners, BTC Hashrate, BTC miners, difficulties, F2Pool, Foundry USA, Global Hashrate, Hashpower, Hashrate, Kazakhstan, civil unrest in Kazakhstan, Miners, Mining Difficulty, Mining Pools, Over 200 EH / s, pool distribution, pressure, Price

What do you think about the Bitcoin hashrate losing 15% in the last ten days? Tell us what you think about this topic in the comments section below.

Bitcoin hashrate falls 15% in 10 days, price and difficulties put pressure on BTC miners – Bitcoin mining news

Jamie Redman

Jamie Redman is a news anchor on Bitcoin.com News and a financial technology journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open source code and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News about disruptive protocols appearing today.




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