Iran’s Bitcoin hashrate falls 77% over the past quarter amid conflict

Iran’s Bitcoin hashrate falls 77% over the past quarter amid conflict

3.94%LINK$9.18 4.27%DOGE$0.09461 4.37%ADA$0.2609 6.09%BTC$71,290 3.54%XLM$0.1621 3.81%SOL$84.53 5.63%XRP$1.37 3.92%BCH$443.08 2.41%ETH$2,235 5.66%HYPE$38.28 4.87%TRX$0.3159 0.04%BNB$613.44 2.36%USD Written by Stephen Katte,Staff WriterReviewed by Felix Ng,Staff EditorIran’s Bitcoin hashrate falls 77% over the past quarter amid conflict3 hours agoThe 30-day simple moving average of the global network hashrate has also declined, though an analyst says the slump is due to Bitcoin prices hurting mining profitability rather than conflict. Iran’s hashrate has plummeted over the past quarter amid an ongoing conflict with the US and Israel, though the war itself has not dragged down global hashrate, according to a new report from Hashrate Index. Iran has lost roughly 7 exahashes per second (EH/s) quarter-over-quarter, said Ian Philpot, marketing director at Luxor Technology, in a report publishe

Source: https://cointelegraph.com/news/iran-bitcoin-hashrate-drop-results-mining-redistribution?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound