CandleFocus Bitcoin’s Computational Power Falls 9.95% After Record Hashrate
2024-09-18
Author: Content Editor
The recent decline in Bitcoin's network hashrate, which reached an all-time high of 693 exahash per second (EH/s), has raised concerns among miners. The hashrate has fallen by 9.95% in the nine days since reaching its peak, indicating mounting challenges for miners due to diminishing rewards and low transaction fees. The decline in profitability may lead to only the most efficient mining operations surviving, potentially concentrating mining power.
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