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cryptonews 2023-10-12 04:43:00

Bitcoin Hashrate to Drop by 20% After Next Halving Event: JPMorgan

JPMorgan has predicted a potential 20% drop in the Bitcoin (BTC) Network Hashrate following the next halving event scheduled for April 2024. "We estimate as much as 80 EH/s (or 20% of the network hashrate) could be removed at the next halving (April '24) as less-efficient hardware is decommissioned," the report said. The Bitcoin halving occurs every four years and involves a halving of rewards for Bitcoin miners. ... Read More: Bitcoin Hashrate to Drop by 20% After Next Halving Event: JPMorgan

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