Proudly securing #Bitcoin and other PoW blockchains since 2013. 1,000,000 BTC mined and counting…
May 12, 2020 • 5 tweets • 5 min read
It's been almost 24 hrs since @satofishi metaphorically etched #F2Pool's message onto #Bitcoin block 629999 & the network hashrate has been volatile since ⛏
From our analysis of mining pool hashrate, network hashrate has dropped from ~120 EH/s to ~100 EH/s over the past week.
The reduced block reward has caused the daily revenue per TH/s to drop from $0.14 to $0.07, which is even lower than it was during the Black Thursday price drop on March 12, 2020.