Bitcoin's network hashrate is coasting along at 236 exahash per second (EH/s) after dropping below the 200 EH/s range six days ago.
While bitcoin prices have been lower than the estimated cost of bitcoin production, the network’s hashrate has dropped a great deal since mid-November. Presently, the total hashrate dedicated to the Bitcoin network is coasting along at 236 exahash per second after dropping below the 200 EH/s range six days ago.The first week of November 2022 was brutal for digital currency prices as FTX’s collapse rippled across the entire industry in a negative fashion.
Presently, bitcoin miners have managed to rise above the 200 EH/s region, to the current 236 EH/s recorded at 10:15 a.m. on Dec. 2, 2022. The drop in hashrate indicates that unprofitable mining entities have been forced to shut down machines, while only the strong operators survive.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bitcoin, Ethereum Technical Analysis: ETH, BTC Higher Following US Nonfarm Payrolls Report – Market Updates Bitcoin NewsEthereum moved closer to the $1,300 level on Dec. 2, as prices remained near a multi-week high. Bitcoin is trading above $17,000.
Read more »
GBP/USD Price Analysis: Refreshes weekly high, eyes 200-day SMA near mid-1.2100sGBP/USD Price Analysis: Refreshes weekly high, eyes 200-day SMA near mid-1.2100s – by hareshmenghani GBPUSD Fed Bonds Technical Analysis Currencies
Read more »
Democrat calls out Biden for 200-lobster state dinnerThe Maine lobster industry could be facing a significant change because of federal regulations.
Read more »
200 Jars of This Dermatologist-Approved Moisturizer Sell Every 24 Hours (Bonus: It's Wallet-Friendly)Olay's Hyaluronic and Peptide 24 Moisturizer hydrates skin, boosts collagen production, and fights against free radicals.
Read more »
EUR/JPY Price Analysis: Renewed weakness could put the 200-day SMA to the testEUR/JPY remains entrenched in the negative territory and drops to new 3-month lows in the 140.80/75 band at the end of the week. The sharp pullback br
Read more »
USD/JPY Forecast: Crashes Through Trendline to Test 200-DayThe USD/JPY has fallen hard during the trading session on Thursday as we continue to see the greenback get beaten up.
Read more »