Bitcoin hashrate drops amid stability on Ethereum network

by in Cryptocurrency News

Bitcoin

The hashrate of the leading crypto coin network decreased to 82.28 EH/s. Since March 12, when the cost of bitcoin fell to below $5000, the total computing power has lost about 34%.

A similar pointer of Ethereum at the same time remains relatively stable since the end of February, although quotes of the second cryptocurrency also collapsed last week along with the entire market.

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Analysts explained the decrease in BTC's hash as the miners turned off the equipment of previous generations - after the price fell, it began to generate losses. ASICs turned out to be in the red, providing a third of the network's processing capability.

The Ethereum hashrate in this situation remains at around 185-170 GH / s, although mining profitability has also fallen.