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Bitcoin Mining Fundamentals Bullish As Hashrate Hits ATH

Bitcoin’s price might be in a sideways consolidation phase, but the mining metrics show another story. The Bitcoin hashrate has just hit another all time high, less than 8 weeks after the mining “capitulation” caused by the Bitcoin Halving. And the seven-day moving average of the Bitcoin hashrate has also just hit another all time high, reflecting the growing confidence of miners who continue to invest in more efficient equipment to remain competitive. Bitcoin Mining Fundamentals Bullish As Hashrate Hits ATHBitcoin Mining Fundamentals Bullish As Hashrate Hits ATH


Bitcoin Mining Hashrate Hits All Time High

The Bitcoin mining hashrate, which is basically the speed at which the Bitcoin network processes the transactions, and the combined Bitcoin hashrate is all mining rigs that are working on the Bitcoin network. After an expected drop in May due to the Bitcoin halving, the Bitcoin hashrate has steadily climbed to a new peak, in less than two months since the halving. According to blockchain.com, the latest hashrate is 123 million terrahashes per second, which is higher than the previous ATH in March 2020, and is up over 100% year on year. Read More...



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