Even though Bitcoin’s fiat value has fallen by more than 70% from its November 2021 all-time high, the price drop has made miners less profitable based on the equipment they operate.
Despite the slump in miner profits, Bitcoin’s hash rate has been hovering at a high of 180 exahash per second (EH/s) to 261 EH/s.
After three days or more than 600 blocks, Bitcoin’s next difficulty adjustment is also estimated to increase by 0.3%.
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