April 20, 2024

Bitcoin cache hashrate after halving fell by 44%, and block closing time increased by 50%

Bitcoin cache hashrate after halving fell by 44%, and block closing time increased by 50%

After harving Biticoin Cash, the main indicators of the network have significantly deteriorated, which is confirmed byOutflow of miners against the backdrop of falling profitability.

The recession began almost immediately after the reductionrewards from 12.5 to 6.25 coins. According to Coinwarz, over the past 24 hours the hash of the fork network has decreased by 44%, from about 4 to 2.24 EC / s. According to Fork.lol, this indicator fell by 60%, from 4.36 to 1.6 EC / s.

At the same time, the time between the closure of border blocks reached almost two hours.Although the generation process accelerated in the future, but at the momentThe publication average is still 16 minutes, instead of 10 standard.

Bitcoin cache hashrate after halving fell by 44%, and block closing time increased by 50%

It is important to note that, despite the halving, over the past day, the BCH rate sank by 3.32%.This factor was a key signal for many miners to switch to more cost-effective coins such as Bitcoin.Nevertheless, some loyal supporters of the project are ready to incur losses in order to maintain the performance of the network, as they did during the "hashrate war" of 2018.

Against the backdrop of this development, many miners are anxiously awaiting bitcoin halving.

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