Bitcoin's network hashrate has fallen from over 1 ZH/s to 800 EH/s.
That sounds bad. But for miners who stay hashing, it’s good news.
Later this week, network difficulty could adjust downward by ~8%. Remaining miners split the same 450 BTC daily reward among fewer participants.
Meanwhile, Bitcoin has surged back above $70,000 as traders react to turmoil in the Middle East.
The efficient miners just won twice: easier difficulty and higher Bitcoin prices.
