Bitcoin Hashrate Hits Record Highs Post-Halving, Indicating Strong Miner Confidence

Quick Summary:

Bitcoin Hashrate Hits Record – Bitcoin hashrate post-halving 2024 has remained at record highs, signaling robust confidence among miners in the cryptocurrency’s long-term value.

Data from on-chain analysis firm Glassnode, as reported by Odaily, reveals that Bitcoin’s hashrate has steadily increased over the past year, reaching an impressive 650 exahashes per second (EH/s) in 2024.

Despite the challenges posed by the halving event and subsequent market fluctuations, miners have continued to invest heavily in the network, pushing the hashrate to new heights.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Ishu Aggarwal

Category: Crypto

Markets: India

Topics: Bitcoin Hashrate Hits Record Latest News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-02 @ 08:22:52 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 707 words

Reading Time: 4 minutes read

Sentences: 32 lines

Sentence Length: 23 words per sentence (average)

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

Copyright Owner: © BitcoinWorld

News ID: 22329173

View Article Analysis

About BitcoinWorld

Main Topics: Crypto

Official Website: bitcoinworld.co.in

Update Frequency: 22 posts per day

Year Established: 2020

Headquarters: India

News Last Updated: 9 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #121

Publisher Details

Frequently Asked Questions