Despite rising Bitcoin prices, there is a notable decline in miner activity, raising concerns about network security.
Key Facts on Hashrate
The chart shows that while Bitcoin price remains above $100,000, miner activity has started to decline significantly. This is a rare divergence between price and network security metrics.
Economic Factors for Decline
The sudden drop in hashrate follows years of near-constant increases and raises questions about economic pressure on miners, especially post-halving. As block rewards decline and electricity costs stay elevated, smaller or less efficient operations may be shutting down rigs.
Future of Bitcoin Mining
This shift could reflect growing miner consolidation, strained margins, or broader structural adjustments in the mining sector. With BTC holding firm and hashrate dropping, industry watchers are keeping a close eye on how this impacts network security.
The situation with Bitcoin’s hashrate indicates possible changes within the cryptocurrency ecosystem, which may impact network security and future mining strategies.
