In the past two weeks, Bitcoin’s average hashrate has fallen 14% from its all-time high in mid-November.
This is revealed by Hashrate Index, which says the weekly average has fallen from 274 EH/s on 12 November to 236 Eh/s yesterday.
Bitcoin’s hashrate is dropping like a rock
Bitcoin’s 7-day average hashrate is currently 236 EH/s, a 14% decrease from its 274 EH/s ATH
Block times are sluggish as a result: 11 minutes and 12 seconds on average this epochhttps://t.co/JN7OmpJ8X0 pic.twitter.com/ckxqEqOGqX
— Hashrate Index (@hashrateindex) November 28, 2022
Bitcoin’s hashrate calculation
These data are not precise readings, but estimates calculated based on several factors, including difficulty and block-time. This is why different sources have different data.
In the case of the Hashrate Index, these are weekly averages, which are the averages of the daily hashrate estimates for the previous seven days.
For example, according to bitinfocharts.com, the daily average for yesterda
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