The
network
hashrate
rose
around
five
exahashes
per
second
(EH/s),
a
1%
gain,
to
an
average
of
621
EH/s
in
the
first
two
weeks
of
the
month,
the
bank
said,
noting
that
it
is
still
30
EH/s
below
the
levels
seen
before
the
halving.
The
hashprice,
a
measure
of
mining
profitability,
is
still
around
30%
lower
than
the
levels
seen
in
December
2022
and
about
40%
below
pre-halving
levels,
and
this
could
slow
hashrate
growth
in
the
near
term,
the
report
added.
The
bank
noted
that
the
bitcoin
price
has
dropped
about
5%
since
the
halving,
but
is
still
up
35%
year-to-date
and
104%
year-on-year.
