Will Bitcoin’s hashrate follow history to trigger another BTC decrease? Assessing…

December 27, 2022

By Suzuki Shillsalot

• Bitcoin’s hashrate hit a one-month low on Christmas day

• Exchange reserves continued declining but BTC excelled in neutrality

The Bitcoin [BTC] hashrate went off the radar on 25 December, hitting as low as 170.6 ExaHash per second (EH/s), CoinWarz data revealed. According to SatoshiActFund CEO, Dennis Porter, the incident occurred due to harsh weather conditions in Texas. 

It was paramount for the hashrate to be affected since the United States city housed a lot of Bitcoin miners. The rasping weather meant that miners had to pause operations. Meanwhile, the hashrate dip did not halt BTC transactions despite hitting the lowest in almost a month.

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