The Bitcoin hashrate has decreased, falling below 1 zetahash per second, according to reports. This marks the first time in four months that the hashrate has reached this level. The decline occurred even with recent improvements in miner profitability. An analyst suggests that competition from the artificial intelligence sector for access to the power grid may be a contributing factor to the drop in the Bitcoin hashrate.

The Bitcoin hashrate has decreased, falling below 1 zetahash per second, according to reports. This marks the first time in four months that the hashrate has reached this level. The decline occurred even with recent improvements in miner profitability. An analyst suggests that competition from the artificial intelligence sector for access to the power grid may be a contributing factor to the drop in the Bitcoin hashrate.