Bitcoin

Bitcoin’s hashrate has dropped below 600 exahash per second (EH/s) after a brief increase on May 26. This represents a significant decline, as the network saw a reduction of 74 EH/s over the past week. On June 3, the hashrate was recorded at 582 EH/s, down from a peak of 656 EH/s, according to <a href="https://news.bitcoin.com/bitcoin-mining-power-wanes-network-hashrate-drops-below-600-eh-s/" rel="noopener noreferrer nofollow">Bitcoin.com</a>.
This decrease means approximately 370,000 mining machines with a 200 terahash per second (TH/s) capacity went offline. Despite this, the block interval has remained close to the ten-minute average, with a recent block interval recorded at 9 minutes and 55 seconds.
Bitcoin’s next difficulty retarget is expected around June 5, 2024, with a modest increase anticipated. The current hashprice is $55.63 per petahash per second (PH/s) per day, an improvement from the $45 range but lower than pre-halving levels.&nbsp;
A 1.61% difficulty rise is expected, but the reduction in hashrate could lead to a lower or even decreased difficulty. Miners face challenges, but improvements in efficiency and BTC price increases could help mitigate the impact.&nbsp;&nbsp;

Bitcoin Hashrate Dips Below 600 EH/s After Brief Surge

Ultramining_Eng

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