Bitcoin Mining Hits Record High

On December 25, 2023, the Bitcoin network achieved a significant milestone. The mining hash rate, a measure of the network’s computing power, soared to an all-time high of 544 exahashes per second (EH/s). This landmark event confirmed by Blockchain.com marks a remarkable increase of 130% since January 2023, when the hash rate was at 253 EH/s​​​​​​.
This surge in hash rate coincided with a notable increase in Bitcoin’s price, which has risen over 150% since the start of 2023​​​​. However, the rising hash rate has brought significant challenges for miners. The increased competition and computing power required to mine Bitcoin have made the process …
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