The Halving Effect: Bitcoin Hashrate Decreases as Miners Prepare for Probable Difficulty Drop

At best over two weeks have passed since the fourth Bitcoin halving took place. During this days, the network’s hashprice dropped from over $100 per petahash to below $45 at the beginning of May. It has since increased to $50 per petahash. In defiance of the modest rebound, the network’s total hashrate has experienced a decrease, with a […]