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Bitcoin Hashrate Surges to Record High of 943 EH/s Amid Difficulty Adjustment
In a surprise move, the Bitcoin network’s hashrate has reached an unprecedented level of 943 EH/s, defying expectations and challenging the notion that increased mining rewards would impact the overall activity on the blockchain. In contrast, the difficulty adjustment has taken place, plummeting by a meager 0.45%. This significant increase in mining power may indicate a shift towards more scalable and energy-efficient solutions.
Despite the rising tensions in the Middle East, investors have chosen to look beyond the unrest and invest heavily in the cryptocurrency market. The surge in Bitcoin’s hashrate is a testament to the network’s resilience and ability to adapt in the face of adversity.
Source: cryptoslate.com
