Bitcoin hashrate hits 8-month low as Chinese miners power down


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Crypto News Bitcoin ’s hashrate has fallen to its lowest levels since early November as mining operations in China start unplugging. Bitcoin ’s network hashrate, a measure of its computational horsepower, has slumped 46% since its peak level in mid-May. According to Bitinfocharts, Bitcoin hashrate is currently 91.2 EH/s (quintillion hashes per second), close to half of its 171.4 EH/s high posted less than six weeks ago. Bitinfocharts has also reported a drop in mining profitability from a peak of $0.449 USD per day per terahash per second to current levels of $0.226 over the same pe. BTC hashrate has...