@hugorOnNoiseApp 28 June 2021 more from that month

Mining Hashrate Plummets. China has forced numerous Bitcoin miners to flee to other countries, with many of these migrations yet to be fully sorted out, which has prompted some industry members to predict an eventual uptick for the network hashrate over time. But right now that is definitely not the case. Bitcoin hashrate is a calculated numerical value that specifies an estimate of how many hashes are being generated by Bitcoin miners trying to solve the current Bitcoin block or any given block. A well-equipped miner can do 100 million million hashes (tera hashes) per second. The total hashrate on network currently sits at 101.9 TH/s. The last time the network saw a hashrate that low was at the beginning of last June (BeInCrypto). The decline has pushed the block generation time (on average, 10 minutes) to the highest in 11 years – 23 minutes. A low hashrate can make miners more profitable, a bullish signal. #Cryptocurrency