Bitcoin hashrate at 4-month low as AI competes for the grid: Analyst

The Bitcoin hashrate has slipped below 1 zetahash per second for the first time in four months despite a recent improvement in miner profitability.

The Bitcoin network hashrate has fallen under 1,000 exahash per second (EH/s) for the first time since mid-September, with one analyst tipping the decline to continued interest in AI. 

The Bitcoin hashrate is currently 993 EH/s on a seven-day moving average, after dropping below 1,000 EH/s, or 1 zetahash per second (ZH/s), on Saturday, according to Hashrate Index data.

It has now fallen nearly 15% since its seven-day moving average peak of 1,157 EH/s on Oct. 19.

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