<p>New data indicates that Bitcoin Cash's hashrate has fallen since the network's per-block reward subsidy halving this week.</p> <p>As The Block previously reported, the halving <a href="https://www.theblockcrypto.com/linked/61235/bitcoin-cash-just-went-through-its-first-halving" target="_blank" rel="noopener noreferrer">was Bitcoin Cash's first</a> since the breakaway cryptocurrency's formation in 2017. The event took place at 10:19 am UTC on Wednesday, leading to a reduction in the number of coins produced with each block from 12.5 BCH to 6.25 BCH.</p> <p>BCH's halving comes more than a month before bitcoin is expected to undergo its own block subsidy halving.</p> <p>Data from <a href="https://coin.dance/blocks/hashrate" target="_blank" rel="noopener noreferrer">Coin.Dance</a>, which tracks hashrates for Bitcoin, Bitcoin Cash and Bitcoin SV, shows that BCH's hashrate fell below its typical variance on April 8. After hovering above 4,000 PH/s, it ended the day around 1,900 PH/s. Since the beginning of April 9, that figure has dropped to as low as 421 PH/s. The most recent Coin.Dance data indicates a hashrate of 498 PH/s.</p> <div id="attachment_61477"class="wp-caption alignnone" style="max-width: 2532px;"><img class="has-caption wp-image-61477 size-full" src="https://www.tbstat.com/wp/uploads/2020/04/Screen-Shot-2020-04-09-at-3.19.51-PM.png" alt="" width="2522" height="1118" /><p class="wp-caption-text">Source: Coin.Dance</p></div> <p>Bitcoin Cash miners made $13.34 million in March in revenue from block subsidies and less than $4,200 from fees. Because of the halving drop, that subsidy-related income is effectively cut in half. </p>