Nearly a month after the fourth Bitcoin halving took place, the first signs of miners’ revenues decreasing are slowly emerging with one clear indicator being the drop in the network hash rate.
The recent decline in this metric potentially indicates miner capitulation, where less efficient miners are quitting due to decreased profitability.
Hash Ribbons Shows Signs of Capitulation
Earlier, the 30-day moving average of the hash rate reached its peak at 630 exahashes per second (EH/s), but now it’s at 606 EH/s. Although this decrease is relatively small and brief, it’s notable because the hash rate usually goes up, indicating a pattern shift.
CryptoQuant’s findings revealed instances of rapid declines in the hash rate, which often signal “miner capitulation.”
“Miner capitulation” refers to less efficient miners exiting the process. They shut down their rigs, resulting in reduced computational power for mining. They may also relocate to other areas or sell recently mined bi
We współpracy z: https://cryptopotato.com/bitcoin-btc-miners-facing-capitulation-as-hashrate-declines-post-halving/
