Odaily Planet Daily News: The Bitcoin network's hash rate has recently dropped to its lowest level in nearly four months. According to data from Hashrate Index, Bitcoin's 7-day moving average hash rate has fallen to approximately 993 EH/s, marking the first time since mid-September last year that it has dropped below 1000 EH/s. This represents a nearly 15% decline from the peak of about 1157 EH/s recorded on October 19.
Leon Lyu, founder and CEO of StandardHash, stated that the main reason for the decline in computing power is that some miners are redirecting their electricity resources toward AI computing services in pursuit of higher profit margins. Previously, mining industry media TheMinerMag noted that 2025 will present an extremely challenging profit environment for Bitcoin miners, prompting some mining companies to explore alternative businesses such as artificial intelligence and high-performance computing.
The report also mentioned that although Bitcoin mining difficulty has decreased in recent months and miner revenue indicators have improved, competition from AI for electricity and computing resources continues, putting pressure on the Bitcoin network's hash rate. (Cointelegraph)