Coin-Turk 21 minutes ago
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The hashrate of Bitcoin (BTC ($99,191.37)) 
$100,257, which indicates the computational power of mining, has reached an all-time high. According to Glassnode’s data, Bitcoin’s seven-day average hashrate soared to 833 exahash per second (EH/s), reflecting a 9% increase compared to the previously recorded level of 767 EH/s.
Surge in Bitcoin’s Hashrate
The mining power securing the Bitcoin network has significantly benefited from institutional investments over the past 18 months. According to The Miner Mag, mining companies increased equipment purchases ahead of Bitcoin’s halving event, which occurred in April 2024. However, following the halving, there has been a decline in pre-orders for mining devices, which analysts predict may slow down the growth of the hashrate.
Bitcoin MiningFor those unaware, halving refers to the reduction of block rewards by 50…
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