Bitcoin's and Ethereum's hashrates start recovering

Mining • January 18, 2019, 4:36AM EST
UPDATED: January 18, 2019, 8:41AM EST
The Block

Both Bitcoin's and Ethereum's hashrate experienced steep drops in 2018. Bitcoin's hashrate decreased by 36% from the peak in October while Ethereum's hashrate dropped by 44% from its peak in August. There were even some, largely unsubstantiated, worries that Bitcoin had entered a “death spiral."

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However, because of the difficulty adjustments that are working as intended, the hashrates of both Bitcoin and Ethereum have started to recover again. Bitcoin's hashrate has picked up by more than 20% while Ethereum's hashrate increased by closer to 15%.

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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.

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