The following is a list of Bitcoin Magazine ProThe 7-day mining hashrate for Bitcoin reached a record high on the 26th of July, when it surpassed 667 exahashes/second (EH/s). Bitcoin 2024 conference. The previous record was 657 EH/s, set on the 26th of May.
It is important to note that the word “you” means “you”. hash rate The total computing power the miners devote to mining and processing new blocks of the Bitcoin Blockchain. The hash rate increases as miners compete to verify blocks and the network becomes more secure.
Major mining Firms like Whatsminer, MicroBT and others are launching new machines that can take advantage of the boom in hash rates. Whatsminer has unveiled four brand new mining rigs, as well as a solar-powered mining container. MicroBT has introduced the M6XS+ Miners which are capable of handling up to 450 Terahash.
Riot Platforms acquired Block Mining, for $92.5 millions to increase its hash rates and reach. To overcome identity issues, miners explore AI integration opportunities and acquisitions.
Bitcoin’s increasing price and the increase in revenue for miners has helped to stabilize network activity. In July, the daily mining outflow was less than $10k compared to March’s $20,000 when BTC hit its first $70,000.
Overall, Bitcoin’s climbing hashrate This is a sign of trust in the long-term viability of Bitcoin. Miners have been expanding their infrastructure aggressively to secure and process Bitcoin transactions, thanks to the favourable political climate and major innovations in mining.
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Source: bitcoinmagazine.com