Hashrate Decrease Alert - DEPRECATED

THIS ENDPOINT HAS BEEN DEPRECATED AND WILL NO LONGER BE ACTIVELY MAINTAINED, UPDATED OR SUPPORTED

Alert Definition

Alerts if there has been a drop in hashrate greater than 10% over the course of a day.

Dictionary

Interpretation

Drops in hashrate can be indicative of miners going offline and may predict network disruptions, such as feerate increases, as well as market volatility.

Potential Root Causes

Miner profitability has decreased, which has led miners to pull the plug and go offline.

Another protocol with the same hashing algorithm is more profitable to mine and miners have relocated their hashrate.

Potential problems with major mining pools (or with their constituents).

Asset Coverage

Bitcoin (BTC)

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