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Bitcoin Hashrate Hits All-Time High as Publicly-Listed Miners' Share of the Network PeaksBitcoin Jumps Above $67K to Nearly a Three-Month High
Coin Desk
Coin Desk
-October 21, 2024

Bitcoin Hashrate Hits All-Time High as Publicly-Listed Miners' Share of the Network PeaksBitcoin Jumps Above $67K to Nearly a Three-Month High

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Bitcoin Hashrate Hits New Heights: What’s the Buzz?

Bitcoin's hashrate just smashed through 700 EH/s for the first time, soaring 6% in a week! This signals more power on the Bitcoin network and shows that mining is heating up. Get ready for some serious gains!

Mining Profitability is Back: Riding the Wave!

Hashprice hit over $50 PH/s—its highest in two months—thanks to rising transaction fees and Bitcoin prices climbing to $68k. Talk about a glow-up for miners, right? More profits mean more action in the space!

Public Miners Dominate: Are They the New Kings?

Publicly traded miners are claiming almost 29% of the total hashrate, with big players like CleanSpark and Riot leading the charge. They’re giving smaller miners a run for their money, so keep an eye on who's rising to the top!

Hashrate and Difficulty Adjustments: What's Next?

With the hashrate hitting all-time highs, expect a difficulty bump of over 4% soon. This ensures blocks are still mined smoothly every 10 minutes, keeping the blockchain on track. Stability is key!

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