Bitcoin Hash Rate Drops as Halving Nears

Bitcoin’s Hash Rate Drops 25% Ahead of Halving Event

The hash rate of Bitcoin, the world’s largest cryptocurrency, has experienced a significant drop of 25% since the weekend. This decrease in hash rate is raising concerns about the security of the network, especially with the highly anticipated “halving” event approaching. Data from MiningPoolStats shows that the total real-time hash rate fell from 570 exahashes per second (EH/s) on Sunday to as low as 425 EH/s on Tuesday. It currently stands at 550 EH/s.