Bitcoin Hashrate Hits Six-Month Low

Reading Time: 2 minutes The Bitcoin hashrate has hit a six-month low following the halting of operations by Chinese miners The shutting down of a huge coal mining facility in the mining-heavy Xinjiang region has caused the drop A ‘natural experiment’ is underway to see how the geographical dominance levels reassert themselves The Bitcoin hashrate has continued to dive following an incident at a Chinese coal mine last week. The Bitcoin hashrate now stands at around 100 exahashes per second (ehash/s), levels not seen since a similarly large drop in November 2020. This represents a near 40% drop from its all time high five
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