Bitcoin’s Hashrate Could Drop by Up to 30% After Next Halving Event, Experts Say

07/26 23:25

Bitcoin's hashrate, or computing power, may decrease by up to 30% after the next halving event in April 2024, as unprofitable miners turn off their rigs. This was discussed by experts during a CoinDesk Mining Week 2023 Twitter Spaces event. B. Riley Financial's Lucas Pipes estimated a 15% to 30% decline, while Luxor Mining's Colin Harper predicted a 20% drop.

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