Non even a day has passed since the Bitcoin Cash halving and already the hash rate has taken a hit and cake generation slowed significantly.

Many predicted that at least some miners would abandon BCH and move to more profitable coins like Bitcoin (BTC) after their rewards were halved from 12.v to 6.25 BCH. But as hash rates rise and autumn each solar day, the information for BCH is open to interpretation.

Fork.lol shows a lx% fall in the BCH hash rate from 4.36 EH/s yesterday to 1.6 EH/s at the time of writing (using a 12 hour boilerplate). Coinwarz has information technology falling from 3.9944 EH/s to two.4595 EH/s, while Bitcoin.com's nautical chart actually shows the rate increasing slightly to 3.5 EH/south.

In a report published April i, Cabalistic Research said there was a real gamble the hash charge per unit would halve along with the cryptocurrency, anticipating "volatile days coming into the halving, and in the immediate backwash."

Many in the crypto world were quick to notice a lag between blocks likewise. The BitMEX research team noted on their Twitter account that the time betwixt block 630,000 and 630,001 was roughly two hours — it typically only takes 10 minutes to generate a BCH block.

At press time, 53 blocks take been mined in the past 15 hours, with the fourth dimension between generation returning to ten-20 minutes.

Bears or bulls for Bitcoin Cash later the halving?

The price of BCH is up more than than 17% across the week, only has fallen back 2.5% in the past 24 hours.

Though some are merely focusing on the price, many are concerned about what exactly will happen to the hash charge per unit. While some BCH miners may abandon the coin to go better profits mining BTC, Bitcoin Cash miners take proven in the by they are willing to lose major majuscule to keep the price up, as they did in the "hash war" of 2022.

A 'Blockchain Lawyer' on Reddit summed it up as: "the only thing keeping BCH afloat right now is crypto socialism and irrational miners."

BTC halving scheduled for May 14

The next BCH halving will happen in 2024, the first of 63 remaining. Bitcoin will feel its own halving in a month'south time.