Analytics / Forex and Crypto News
A sharp drop in the price of Bitcoin forced miners to turn off some of their equipment. Today the hashrate of the BTC network fell below 100 EH/s, data from the Blockchain.com service shows this.
At the time of publication of this material, the hashrate was 97.919 EH/s. The last time the same amount of computing power used for cryptocurrency mining was recorded in mid-February.
Last week, the reverse dynamic was observed - the activity of Bitcoin miners was at maximum values. On March 5, the BTC hashrate reached 150 EH/s. Then, many observers noted that the Bitcoin blockchain is becoming more secure since the risks of an attack of 51% are minimized.
Today's heavy decline in the price of the cryptocurrency has forced miners to disconnect some of their equipment. If we see a repetition of the famous December BTC crash of 2018, then most retail miners will be disconnected from the network.
In May last year, miners again began to return to Bitcoin mining due to the increase in the price of BTC.
According to Fundstrat analyst Alex Kern, strengthening the Bitcoin exchange rate has again made mining a profitable enterprise. During the second half of last year, there was a steady trend towards an increase in the hash of the network.
During November, ICO-projects sold 416K ETH. This is the largest figure since the summer, reports Trustnodes.
According to Santiment, in August, ICO startups sold only 100,000 ETH. In September, sales of digital currency increased significantly, reaching 300 thousand ETH. In Nov