Bitcoin Hash Rate Drops 40%, Resulting in Increased Block Time & Mempool to Fill to Dec 2017 Level

Since last week, the hash rate of the Bitcoin network has seen a decline.
This week, the computing power used to mine BTC dropped under 100 Th/s, down almost 40% from the all-time of 157.65 on Oct. 17.
After falling to 97.9 Th/s on Tuesday, we are back above 100 Th/s, as per Bitinfocharts.
This drop in hash rate coincides with the correction in Bitcoin’s price, which went from nearly hitting the 2019 high at $13,900 to under $13,000.
The next difficulty adjustment, a lagging indicator of the net…

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