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News Explorer — Bitcoin Halving Could Cause Up to 20% of BTC Network's Hash Rate to Go Offline

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Feb 15, 5:15 pm
Blockworks

Bitcoin Halving Could Cause Up to 20% of BTC Network's Hash Rate to Go Offline

Galaxy Digital analysts predict that up to 20% of the bitcoin network's hash rate could go offline during the next halving event in April. This decline in hash rate is expected due to the reduction in mining rewards and the financial strain it will put on miners. Certain ASIC models may change hands to miners with cheaper power costs instead of completely exiting the network.

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