Hashrate is dropping

[crwth]

Maybe it is the current situation that we are in now or some personal issues around themselves. But thinking about their investments towards the mining gears that they have, they could have changed into another coin and mine more than what they could if it is compared to bitcoin right now. At the end of the day, it is getting a profit is the priority over all.

[1715075599]

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[1715075599]

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[pooya87]

@pooya87 What does the chart tells us? It looks like some miners only took a 'little break' and came back after difficulty was adjusted. Are we going to expect another adjustment soon?

i shared it here to see what others think.
the charts shows us that hashrate didn't really change in the long term even with stable price. miners didn't actually leave or even if some did they were replaced by other miners right away since we are now pretty much the same place as a month ago.
maybe this was a panic move or it is possible that it was an attempt to manipulate difficulty although i don't think the results were significant enough to justify this theory.

[stompix]

this can not be because of price because in this time frame the price has been more or less stable inside $9k range with the average around $9500. so there is no increased incentive for more miners yet.

Bitmain shipped their gear, there a lot of people confirming arrivals
S9s have 0.09j/Gh S19s are at 0.03j/Gh, basically, you could drop 10EH from the chain with old gear and replace it with 30EH at same power cost.
The hashrate might go up by 20EH but the revenue/costs/profits will stay the same.

they could have changed into another coin and mine more than what they could if it is compared to bitcoin right now. At the end of the day, it is getting a profit is the priority over all.

BCH and BSV have around 3-4% of the Bitcoin hashrate, just 1% of the miners switching to them would make those coins unprofitable for anyone.
Rewards per day:
BSV ($167,069.88 USD)
BCH ($223,610.88 USD)
drumrolls..
BTC ($10,283,158.18 USD)