May 25, 2024

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Bitcoin Network Adjusts to Lower Fees and Reduced Hashrate After Latest Halving

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Bitcoin Network Adjusts to Lower Fees and Reduced Hashrate After Latest Halving
Bitcoin Network Adjusts to Lower Fees and Reduced Hashrate After Latest HalvingBased on the three-day simple moving average, Bitcoin’s hashrate has continued its downward trend, registering at about 550 exahash per second (EH/s). Following the halving, onchain costs have decreased significantly, with data indicating transfer fees ranging from $1.50 to $3.65 per transaction. Bitcoin’s Hashrate Slides 19% in 16 Days According to statistics, the three-day simple […]