Bitcoin’s network has seen a decrease in computational power, with hashrate falling by 44 EH/s in the last few days. This decline has settled the hashrate at 780 EH/s. The drop is reflected in hashprice, which fell from 59.29 USD to 53.41 USD per petahash.

The reduced hashrate and Bitcoin’s 3.9% drop compared to the USD over the last week have significantly impacted miners’ revenue. Block intervals have elongated slightly, potentially causing a minor difficulty adjustment. Miners’ revenue has decreased to 409.13 million USD, with only 5.65 million USD in transaction fees.

Bitcoin’s network activity has decreased, with processing of transactions showing a slower pace compared to last year. The network saw significant reductions in transaction volumes, adding to the challenges miners face amid falling hashprice and low fee earnings. Miners eagerly await the next difficulty adjustment for potential relief.