The net hashrate has dropped a lot.

And thats a bad thing? At the current prices even this hashrate is too much.
I would'nt expect a rebound soon. All altcoins are doing badly right now. This summer bitcoin and the halving will dominate in cryptoland.
After the fever's gone we'll see what' still around and whether it can recover
Said it before:
Too many exclusive GPU/Botnet mined Coins on a dead Market is the road to 1 sat.
and no... Thats not a good and fair destribution thats simply wreckage.
BTC pump only triggered some big miners to dump their hodls on a dead market.
Cut Pow Rewards switch algo and introduce Block Reward doubling.
That would be a good thing to avoid Miner dumps on a dead Market over the btc Pump for now.
