As bitcoin dipped below $55K this week, something quite interesting happened behind the scenes. On Sept. 7, 2024, the network’s computational power hit a new lifetime high. The seven-day simple moving average (SMA) for Bitcoin’s total hashrate climbed to 679 exahash per second (EH/s) on Saturday, a slight bump of 2 EH/s over the previous […]
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Key TakeawaysBitcoin’s difficulty rose 7.15% at block 955,584 on June 26, marking the year’s second-largest increase.Hashprice dropped 18.34% in 30 days to $28.68 per PH/s, squeezing margins for...
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