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Bitcoin's Hashrate Nears All-Time PeakDespite Difficulty Bump and Revenue Loss

05 Sep 2024

Despite a bump in mining difficulty and a drop in hashprice, Bitcoin'stotal hashrate is still on the rise. In fact, on Wednesday it's just 12

exahash per second (EH/s) away from reaching its peak of 677 EH/s

which was recorded on July 25. While bitcoin miners are grappling

with low revenues and near-record difficulty levels, the industry's

hashpower output has been nothing short of extraordinary. As of 2

p.m. EDT on Wednesday, the total hashrate is coasting along at 665

exahash per second (EH/s), just 12 EH/s shy of its all-time peak. lf

bitcoin's price improves in the coming week, the hashrate could

easily shatter its previous record reached on July 25.However, the

rising hashrate and quicker block intervals may trigger another

difficulty adjustment increase projected on Sept. 11, 2024. This

afternoon on Sept. 4, around 55 recognized mining pools were

powering the Bitcoin blockchain. A climbing hashrate is an

encouraging sign that miners are weathering the recent revenue

slump, thanks to several key buffers.

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news

Bitcoin's Hashrate Nears All-Time PeakDespite Difficulty Bump and Revenue Loss

Despite a bump in mining difficulty and a drop in hashprice, Bitcoin'stotal hashrate is still on the rise. In fact, on Wednesday it's just 12 exahash per second (EH/s) away from reaching its peak of 677 EH/s which was recorded on July 25. While bitcoin miners are grappling with low revenues and near-record difficulty levels, the industry's hashpower output has been nothing short of extraordinary. As of 2 p.m. EDT on Wednesday, the total hashrate is coasting along at 665 exahash per second (EH/s), just 12 EH/s shy of its all-time peak. lf bitcoin's price improves in the coming week, the hashrate could easily shatter its previous record reached on July 25.However, the rising hashrate and quicker block intervals may trigger another difficulty adjustment increase projected on Sept. 11, 2024. This afternoon on Sept. 4, around 55 recognized mining pools were powering the Bitcoin blockchain. A climbing hashrate is an encouraging sign that miners are weathering the recent revenue slump, thanks to several key buffers.

05 Sep 2024

Bitcoin's Hashrate Nears All-Time PeakDespite Difficulty Bump and Revenue Loss

Despite a bump in mining difficulty and a drop in hashprice, Bitcoin'stotal hashrate is still on the rise. In fact, on Wednesday it's just 12 exahash per second (EH/s) away from reaching its peak of 677 EH/s which was recorded on July 25. While bitcoin miners are grappling with low revenues and near-record difficulty levels, the industry's hashpower output has been nothing short of extraordinary. As of 2 p.m. EDT on Wednesday, the total hashrate is coasting along at 665 exahash per second (EH/s), just 12 EH/s shy of its all-time peak. lf bitcoin's price improves in the coming week, the hashrate could easily shatter its previous record reached on July 25.However, the rising hashrate and quicker block intervals may trigger another difficulty adjustment increase projected on Sept. 11, 2024. This afternoon on Sept. 4, around 55 recognized mining pools were powering the Bitcoin blockchain. A climbing hashrate is an encouraging sign that miners are weathering the recent revenue slump, thanks to several key buffers.

05 Sep 2024

Bitcoin's Hashrate Nears All-Time PeakDespite Difficulty Bump and Revenue Loss

Despite a bump in mining difficulty and a drop in hashprice, Bitcoin'stotal hashrate is still on the rise. In fact, on Wednesday it's just 12 exahash per second (EH/s) away from reaching its peak of 677 EH/s which was recorded on July 25. While bitcoin miners are grappling with low revenues and near-record difficulty levels, the industry's hashpower output has been nothing short of extraordinary. As of 2 p.m. EDT on Wednesday, the total hashrate is coasting along at 665 exahash per second (EH/s), just 12 EH/s shy of its all-time peak. lf bitcoin's price improves in the coming week, the hashrate could easily shatter its previous record reached on July 25.However, the rising hashrate and quicker block intervals may trigger another difficulty adjustment increase projected on Sept. 11, 2024. This afternoon on Sept. 4, around 55 recognized mining pools were powering the Bitcoin blockchain. A climbing hashrate is an encouraging sign that miners are weathering the recent revenue slump, thanks to several key buffers.

05 Sep 2024

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