According to HashrateIndex, Bitcoin’s hashrate dropped to 991 EH/s, marking its lowest level since September and a sharp 15% decline from October’s peak.
Bitcoin’s network hashrate fell to 991 EH/s (7-day average) on January 18, dropping below 1 ZH/s for the first time since mid-September, according to HashrateIndex data. This represents a 15% decrease from its October 19 peak of 1,157 EH/s. The decline follows reports of miners redirecting capacity to artificial intelligence and high-performance computing workloads despite multiple difficulty reductions since November aimed at easing mining conditions. Hashrate prices have risen to $40 per PH/s per day amid tightened capacity.