The fall comes amid a drop in Bitcoin price which has hampered the profitability of the mining process.
On-chain data shows that Bitcoin’s mining difficulty was lowered to 31.36 trillion hashes at a block height of 756,000.According to
The jump was short-lived as Bitcoin lost around 6% and was struggling below the psychological support level. Bitcoin’s hash rate remained at 220.75 EH/s hovering near its peak of 231 EH/s despite concerns about profitability.
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