$BTC $ETH $BNB After the halving, the Bitcoin network has lost more than 15% of its mining power

The low profitability of Bitcoin mining is beginning to lead to the departure of many teams that would operate at a loss.

The halving of the issuance of bitcoin (BTC) after the halving keeps miners in suspense. Given the expectation of a bullish run in the price of BTC, they have been making adjustments to their operations, which allow them to stay afloat during a period of low profitability. During the 30 days after the halving, a considerable reduction in hashrate or computing power to process transactions is observed.

As network data provided by Braiins, a Bitcoin mining software developer, shows, the network's hahsrate is experiencing a 16% decline from its peak in mid-April. During the days when the halving occurred, a scheduled event that reduces the reward of the network's miners by half, the hashrate reached a mark of 675 EH/s. Now, Bitcoin's capacity is at 565 EH/s, a reduction of more than 100 EH/s.

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