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 miners face mounting pressure as market conditions deteriorate.October’s mining figures reveal an unexpected financial contradiction.November could expose deeper vulnerabilities across the mining industry. Bitcoin Mining Hashprice...
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