Bitcoin Mining Hash Rate Sees 7.1% Drop as Price Flails at $9000

Bitcoin Mining Hash Rate Sees 7.1% Drop as Price Flails at $9,000 – Ethereum World News

Ouch. Despite the fact that Bitcoin (BTC) saw a 42% recovery that pushed the cryptocurrency to $10,500 just two weeks back, miners seem to have capitulated in the short term, though hash rate remains up 126% on the year. Cryptocurrency analytics firm CoinMetrics.io posted on Twitter Thursday that Bitcoin’s hash rate fell by 7.1% over the past few days.