CoinShares research director: Bitcoin hash rate declines as "miners start shutting down unprofitable rigs"
After the fourth halving of Bitcoin, the hash rate of Bitcoin has declined. On May 10th, it fell to its lowest point in more than two months at 575 EH/s, and then slightly rebounded to the current 586 EH/s. James Butterfill, research director of CoinShares, stated on X platform that the reason for the decline in hash rate is that "miners have started to shut down unprofitable mining machines."
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