Bitcoin Hash Rate After the Halving! Are Miners Turning Off Thier Machines?

in #bitocin3 months ago

Its been more than a month after the Bitcoin halving on May 19, 2024. How are the miners doing with the smaller rewards per block now?

Here is the chart for the Bitcoin Hash Rate in the last two years.

image.png

More then doubled in the period. From under 300 EH/s (exa hash per second, 18 zeros in the exa) to more than 600!

We can notice the small drop at the end April 2024, from 630 to around 580, and a recovery in the last week, where we are now higher than 600 EH/s again. A small dent for now, will see how it will go in the period.

Sort:  

Thanks for the info. I have been thinking of the impact to mining companies going forward.

Hoping that HIVE Digital Technologies is a play in the competition of farming efficiencies. !LOLZ

hive_digital_technologies_20240527.png