Hashrate Index Roundup (February 5, 2024)

Bitcoin's hashrate is back with a vengeance after January's winter storms, and difficulty is at an all-time high as a result.

Hashprice is back below $80/PH/day after last week's much-larger-than-usual upper difficulty adjustment. After February 2's difficulty adjustment drove hashprice to $75/PH/day, a short-lived transaction fee spurt from inscription activity pushed hashprice to $85/PH/day at the end of last week, but once this abated, hashprice retreated to its current level.

Source - Hashrate Index

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