![Bitcoin hash rate falls 13% in one day, mining difficulty estimated to drop 10%](https://cryptoslate.com/wp-content/themes/cryptoslate-2020/imgresize/timthumb.php?src=https://cryptoslate.com/wp-content/uploads/2022/12/image_2022-12-28_152141454.png&w=70&h=37&q=75)
Bitcoin hash rate falls 13% in one day, mining difficulty estimated to drop 10%
Bitcoin's hash rate fell 13% on Dec. 27 to 202.17 EH/s but has since recovered to 234 EH/s.
![Bitcoin hash rate falls 13% in one day, mining difficulty estimated to drop 10%](https://cryptoslate.com/wp-content/uploads/2022/12/image_2022-12-28_152141454-768x403.png)
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
Bitcoin’s (BTC) hash rate fell 13% on Dec. 27 to 202.17 EH/s from around 240 EH/s recorded on Dec. 26.
It has since recovered to 234 EH/s, as of press time.
![Bitcoin Hash rate](https://cryptoslate.com/wp-content/uploads/2022/12/glassnode-studio_bitcoin-hash-rate-adjustment-percent-change-1.png)
The hashrate decline is expected to lead to a 7% to 10% drop in mining difficulty.
BTC’s mining difficulty is near a record high at 35.36T. The estimated decline will see the mining difficulty drop to between 31T and 32T, according to bitrawr.
On Chrismas eve, BTC’s hash rate fell over 40% because major miners in the U.S. had shut operations due to the winter storm. While the hash rate soon recovered on Christmas day, peaking at around 247.87 EH/s, it has gradually declined since.