The network continues along every block just fine but the mean hash rate has suffered a decent hit over the last month falling 17.4% from the recent all-time high.
There’s only a handful of times in Bitcoin’s history when we’ve seen hash rate drop this much.
Yet it’s still up 13.93% this year, while bitcoin price is down 56%.
With the adjustment and the recent price rally off the lows, hash price has rebounded 48% of its lows to back over $0.10 (at least for now).
Created by Charles Edwards, an estimate for total network Bitcoin electricity cost sits around $16,000 right now.
Disclaimer: This story is auto-aggregated & summarized by a computer program and has not been created by TokenAround.