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Bitcoin.com 2024-01-27 18:30:21

Bitcoin’s Hashrate Rebounds From January Dip as Miners Eye Upcoming Difficulty Adjustment

Bitcoin’s cumulative hashrate witnessed notable swings starting in late December, with a pronounced decline occurring in mid-January. This decrease was primarily attributed to the severe cold in Texas, leading many miners to pause their operations temporarily. By Jan. 21, 2024, the hashrate’s seven-day simple moving average (SMA) dipped under the 500 exahash per second (EH/s)

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