What may the slowdown in bitcoin hash rate growth lead to?From January to April 2022, Bitcoin's blockchain hash rate grew by only 10%. For example, during the same period in 2021, hash rates jumped more than 30%. Along with the 1.2% slowdown in hashrate, the difficulty of mining has decreased, blockchain correspondent Colin Wu noted on Twitter.
Hash rate is a measure of the resources involved in mining.
If the hash rate goes up, it means that new miners are coming into the network. A drop in hash rate may mean that miners are switching their power to other networks.
A slowdown in hash rate growth in the current situation may indicate that miners have finished their move from China and Kazakhstan, where authorities have previously begun to tighten requirements for business.
Will the hash rate slowdown affect the bitcoin price? Unlikely, but often the price of bitcoin does correlate with the hash rate99 bitcoins
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