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Bitcoin Block Interval Reaches 11-Year High Amid Declining Hashrate

Bitcoin network hashrate is on a continuous decline ever since the Chinese crackdown on mining led to numerous mining farms shut their operation and relocate. China accounted for more than 60% of the total Bitcoin network hashrate input, and the closure of Chinese mining farms has led to hashrate falling to one-third from its all-time-high.

Bitcoin network hashrate is on a continuous decline ever since the Chinese crackdown on mining led to numerous mining farms shut their operation and relocate. China accounted for more than 60% of the total Bitcoin network hashrate input, and the closure of Chinese mining farms has led to hashrate falling to one-third from its all-time-high.