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War in Iran hurts miners
A drop in Bitcoin hashrate is a
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A drop in Bitcoin hashrate is a troubling signal for the crypto market. Recent events in the Middle East have had a grave impact on the global economy, and the crypto sector is no exception. Bitcoin's hashrate — the key measure of miners' activity — fell 8% over the week to about 920 EH/s. That decline raises serious concerns among market participants, since it can entail a chain of negative consequences. The main reason for the hashrate fall is a sharp rise in energy costs caused
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Jakub Novak,
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