CandleFocus Bitcoin Smashes Records: Hashrate Hits 776 EH/s as Price Soars Closer to $100K
2024-11-22
Author: Content Editor
The hashrate of Bitcoin reached an all-time high, hitting 776 exahash per second. This has resulted in increased revenue for miners, as the hashprice has significantly increased. Bitcoin miners have earned $778.13 million in total revenue, with $752.23 million coming from subsidies. The increase in revenue has encouraged more hashpower, speeding up block intervals and indicating a potential 10.9% jump in difficulty. While miners benefit from the increased revenue, the looming difficulty adjustment highlights the competitive nature of the Bitcoin network.
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