Bitcoin’s hash rate dropped by 44% from all-time high
November 22, 2018, 12:28PM EST
1 min read
Bitcoin's hash rate has experienced the steepest decline in its history. From its all-time high on August 27th, the hash rate has dropped by nearly 44%. The sharp decrease was not unexpected as mining profits got squeezed with more competition and falling prices. In the grand scheme of things, however, the drop is fairly insignificant. Just in the last year, the hash rate grew by more than four times.