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12 days ago

Bitcoin’s hashrate has dropped significantly from its all-time high as miners are seemingly turning off older mining machines because of the cryptocurrency’s price drop.

According to CryptoCompare data, BTC’s hashrate dropped from an all-time high of 137 million TH/s to around 75 million TH/s at press time, a significant drop of about 45%. The network’s hashrate started dropping shortly after bitcoin’s price failed to surpass the $10,000 mark earlier this year and started dropping.