Analyst: Bitcoin Total network hash rate falls below the annual average, possibly reflecting mounting pressure on miners
Svmuu News, CryptoQuant analyst Darkfost posted on X platform, stating that Bitcoin's network hashrate has fallen below the annual average level. The last time a similar situation occurred was in 2021. This change does not pose a significant risk to the Bitcoin network itself. However, since the winter storms in the United States this year, the network's hashrate has consistently operated below 1 ZH/s, reflecting intensifying competition among miners. Some mining companies may have already chosen to shut down or adjust their business models to improve profitability. Bitfarms' recent business adjustments serve as an example.
No AI analysis yet. Tap the "AI Analysis" button above to generate one now.
Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
24H Trending
-
1
Gold prices fell to $3,883.36, hitting a near 365-day low.
-
2
Chainalysis: Binance Hackers Deployed Unprecedented Money Laundering Tactics, Rapidly Converting $6.3 Billion in Stolen Funds
-
3
Gold is down 3.45% from its previous close, now trading at $3,883.36.
-
4
Silver is down 5.71% from its previous close, now trading at $49.365.
-
5
Trump Comments on Binance Hack as Calls for Crypto Regulation Intensify
-
6
SpaceX is down 6.38% from its previous close, now trading at $134.715.
-
7
MIVA Token Analysis: The Utility and Governance Token of Minerva Wallet
-
8
Binance suffered the largest crypto hack on record, with investigators attributing the $6.3 billion theft to North Korean hackers
-
9
Experts are divided on the freezing of stolen assets by Binance, warning that recovering the funds is another matter.
-
10
PKR Coin Analysis: Mechanisms, Ecosystem, and Market Status of Polker Token
Markets Today
Recommended Reading



