"Last week's Bitcoin price drop, exacerbated by the German government shutdown, has sent hashprice to an all-time low of $44.31/PH/day despite a downward difficulty adjustment of 5%. 😔 Transaction fees on the Bitcoin network have also dropped sharply, reaching their lowest point since 3 quarter 2023. In Q3-2024, changes in Bitcoin hashrate will be the result of a constant battle between thermal limitations, hashprice volatility, and the adoption of new ASICs by miners."