3 Reasons Why Bitcoin (BTC) Hashrate Hits New ATH of Over 925 Eh/s

Quick Summary:

The Bitcoin (BTC) hashrate, a measure of the total combined computational power used to mine and process transactions on the proof-of-work blockchain, has continued to grow.

While this metric is crucial to gauge the adoption and network security level, many still wonder what will keep the BTC hashrate sustainable.

Additionally, the potential growth in the price of Bitcoin will also contribute to this profitability.

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Article Details

Author / Journalist: Godfrey Benjamin

Category: Crypto

Markets: India

Topics: Bitcoin hashrate Bitcoin mining 24/7 Cryptocurrency News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-21 @ 19:59:53 (4 days ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 409 words

Reading Time: 3 minutes read

Sentences: 34 lines

Sentence Length: 13 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 23168138

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 36 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 9 hours ago

Coverage Areas: India

Ownership: Independent Company

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Publisher ID: #59

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