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NewsBTC 2020-06-14 22:30:28

Bitcoin Hash Rate Recovers to Pre-Halving Levels, But a Chinese Mine Just Burned Down

In the wake of the Bitcoin halving, the hash rate of the network dropped dramatically. Due to an effective 50% decrease in profitability, around 30% of the machines mining BTC went offline from peak to the bottom of the trough, slowing transactions down and causing an increase in transaction fees. But as blockchain data firm […]

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