Bitcoin’s hash rate dropped by 44% from all-time high

Bitcoin's hash rate has experienced the steepest decline in its history. From its all-time high on August 27th, the hash rate has dropped by nearly 44%. The sharp decrease was not unexpected as mining profits got squeezed with more competition and falling prices. In the grand scheme of things, however, the drop is fairly insignificant. Just in the last year, the hash rate grew by more than four times.

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Larry joined crypto research full time in early 2017 and has expertise in capital markets, market structure and early stage DeFi companies/protocols and token economics. He has a background in economics and finance.