Ethereum’s Hashrate Plummets to New Lows as China Squeezes Crypto Mining

Just 40 days after Ethereum’s hashrate hit an all-time high, the key metric has plunged 17% in the last 10 days, according to data from Glassnode, a blockchain and intelligence provider. That’s the worst drop in a 10-day span in Ethereum’s history. The cause: China, probably. Ever since the Chinese government in May started warning…

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