While bitcoin’s price dropped below the $20K region, the network’s hashrate slipped under the 200 exahash per second (EH/s) region.
Bitcoin's Sinking Price Pushes Hashrate Below 200 Exahash, Mining Difficulty Expected to Slide 2.8% Lower
Eight days ago, bitcoin miners also saw the mining difficulty increase, which makes it harder for miners to find block rewards. The DAA increase combined with the price decline has made it even harder for bitcoin miners to secure profits.
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