Bitcoin hash rate falls 13% in one day, mining difficulty estimated to drop 10%
Bitcoin's hash rate fell by 13% yesterday to 202.17 EH/s but has since recovered to 234 EH/s.
Bitcoin (BTC) has a rate down 13% on 27th December to 202.17 EH/s from approx 240EH/s recorded on December 26.
It has since recovered to 234 EH/s right now.
The hash rate decline is expected to lead to a 7% to 10% decrease in mining difficulty.
Bitcoin mining difficulty is boosting high at 35.36T the estimated decrease will see the mining difficulty drop between 31T and 32T.
On Chrismas eve BTC's hash rate fell over 40% because major miners in the United States had shut operations due to the winter storm. while the rate soon recovered on Christmas day peaking at around 247.87 EH/s it has gradually decreased since.