The hashrate of Bitcoin reached a new peak of 741 EH/s on October 26, marking a significant gain of over 65 EH/s in just one week and a surge of more than 16% in the past month. This increase in computing power has been attributed to the use of more advanced mining equipment and funding advantages. The rise in hashrate aligns with earlier predictions that Bitcoin could enter its Zettahash era by 2023. Despite the escalating mining difficulty, BTC miners are still generating millions of dollars from mining activity. Bitcoin's price continues to rally, currently trading at $67,240.



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