The Bitcoin hashrate dropped on Thursday for the second time this month. A combination of rising global electricity prices and Russia’s invasion of Ukraine may have led certain miners to go offline. Watch Chart of the Day, presented by cryptocom:
“All About Bitcoin” Host Christine Lee presents data from Glassnode illustrating the difficulty of mining a bitcoin block, otherwise known as the hashrate, which dropped 0.
35% on Thursday for the second time this month. Global electricity prices have risen alongside the continuation of Russia’s invasion into Ukraine, possibly leading certain miners to go offline.
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