Bitcoin Hashrate Plummets, Miners Face Financial Strain
Update: 2025-12-15
Description
Bitcoins hashrate plummets by 8% due to China mining shutdowns, impacting network security and miner revenue. The hashrate, a measure of computational power, dropped from 1.1 zettahashes per second to 1.0 zettahashes per second. This decline coincides with the hash price hovering near $37 per petahash per second, a five-year low. The mining difficulty is set to decrease by 3%, offering temporary relief to miners.
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