The Bitcoin hashrate has taken a distinct downward turn of late, causing some furrowed brows in the mining community. The network hashrate now sits at a 30-day moving average of 807.26 million terahashes per second (TH/s), having dropped a not-so-subtle 19.1 percent from its high of 997.4 million TH/s. While this slide may look alarming if one squints and only considers shorter timeframes, in the much broader and longer context, there is little to no reason for panic. Mining is hard. And if it gets too hard—if the network hashrate falls too far and too fast—it could also become way
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