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Bitcoin’s mining power surges past expectations, reaching a record-breaking 943 EH/s
The cryptocurrency market is witnessing unprecedented growth amidst the backdrop of global uncertainty and turmoil. In a shocking turn of events, Bitcoin’s hashrate has reached an astonishing high of 943 EH/s (exahashes per second), exceeding all predictions. This remarkable achievement underscores the resilience and adaptability of miners in the face of adversity.
A recent decline in mining difficulty by 0.45% may have offered temporary relief, but it seems that this development only served to galvanize the collective efforts of Bitcoin’s mining community. The result is a record-breaking milestone in the cryptocurrency’s history.
This surge in hashrate outpaces block-time targets and underscores the aggressive scaling efforts by top miners amidst thinning rewards. In essence, smaller operators are struggling to keep pace with their larger counterparts as newer rigs and cheap power continue to propel them forward.
Geographically speaking, it appears that American-based mining operations have taken the lead at 36%, while Russia and China trail behind with 15% and 13.7%, respectively.
Source: cryptoslate.com
