Bitcoin Cash produced 131 blocks in 24 hours instead of 144 as hash rate slips
- —131 blocks in 24 hours is 91% of target; average block time 11.0 minutes
- —BCH hash rate at 2.99 EH/s, roughly 1% of Bitcoin's computing power
- —At 3.125 BCH per block, miners missed about $11,000 in rewards for the day
- —BCH at $275.66: down 0.76% on the week but up 17.1% over 30 days
Why it matters: Per-block difficulty adjustment should restore the 10-minute pace within hours, but hash rate will keep migrating to Bitcoin whenever BTC pays more.
Source: CryptoTicker