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Bitcoin hashrate has seen his most dramatic decline in the last three years from June 15 to Tuesday, according to blockchain.com.
Bitcoin Hasherate It decreased from almost 943.6 billion Terahahes per second (Th/s) June 15 to 799.9./SV Tuesday, which is a decline of more than 15%.
A sharp decline has stimulated speculation about possible geopolitical and environmental causes.
While the reason for a sudden decline is not yet confirmed, many in the cryptocurrency community show Iran as a cause.
Related: 93% of all bitcoins are already mined. This is what it means
Iranian connection
Iran is known to operate extensive Bitcoins operations in the country. National Council for the Resistance of Iran reported At the end of May, that large mining operations of cryptocurrencies operate or are protected by Iranian nationals, especially Islamic revolutionary Guards Choirs, are partly to blame for local power outages.
Although it makes Iranian connection credible, closer control raises some doubts about theory. Iranian government stored TechCrunch on Friday, which was protected on Friday from cyber attacks on Friday to protect himself from cyber attacks.
This coincided with the decline in global exhale from 884.6 million/s Thursday to 865./SV Friday. This represented a decline in 2.2%.
This was followed by an American strike on Iranian nuclear devices on Sunday, which according to ReutersHe also led to power grid outages. This coincided with a 1% drop in global hashy from 869.9.
Related: Bitcoin HASHRATE TOPS 1 ZETAHASH IN HISTORICAL FIRST, Showers Show
The connection is weak
Only just over 3% of the overall decline in extinguishes coincided with the recent events in Iran. From June 15 to Thursday, before Iran was bombed the US or saved internet outages, moreover, he dropped Has to play by more than 6.25%.
This data shows that HASHRATE has been on a sharp decline before the events and the ongoing decline is simply a continuation of the trend that can be worse with events in Iran.
Other factors that are likely to play a role are rising electricity prices and continuing Heatwave in the USA. The thermal wave results in lower mining efficiency, which could cause low -frequency mining equipment for shutdown.
Thermal waves also lead to higher energy demand and higher energy prices, which further reduces the profitability of bitcoin mining. Utility Con Edison based in New York recently he asked Customers to save energy during the ongoing wave wave, which in some regions increased energy prices to the highest since January.
Yet, the HASHRATE BITCIN network is not measured directly. Instead, it is calculated on the basis of the block time and the current difficulty of mining.
This is possible because the difficulty of mining provides information about how much computing power is needed to find a valid block on average. Since the calculation requirement is average and mining in the real world has significant deviations based on a pure chance, this extent.
Iranian theory cannot be rejected, although some market observers suggest that they play a combination of geopolitical, environmental and economic pressures.
