Shorter than a day after the halving in the Bitcoin Cash (BCH) system, the computing power unexpectedly dropped to a minimum.
A surge in the activity of miners was recorded a few days before the halving. BCH hashrate exceeded 4.3 exhash per second (EH/s) in early April. After reducing the block mining reward, computing power fell below 2 EH/s.
Over the previous 24 hours, the hash rate has fallen by about 60%. Now the activity of the miners has recovered slightly, at the time of publication of this material, the Bitcoin Cash hashrate exceeded 3 EH/s.
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It has now been an hour since the halving and still no more blocks.
— BitMEX Research (@BitMEXResearch) April 8, 2020
After the 50% reward drop, did miners leave for other coins or is this just variance?https://t.co/rSyxtls3Yj pic.twitter.com/w380dcC4tj
Arcane Research recently published a report that predicted a drop in the BCH hashrate almost immediately after halving. According to analysts, the computing power in the next few weeks is going to fall more than twice, as miners will go to the Bitcoin network.
The research department of the BitMEX exchange, drew attention to the fact that the time between the extraction of blocks 630,000 and 630 001 was approximately two hours, whereas earlier it had not exceeded ten minutes. Later time intervals were reduced and amounted to about 10-20 minutes.