Bitcoin network computing power or mining hash rate is expected to have reached an all-time high on Christmas. It is expected that it has created more pressure on miners amid a slump in profitability, stated Cointelegraph.
With insights from Blockchain.com, on December 25, 2023, Bitcoin’s hash rate reached an all-time high of 544 exahashes per second (EH/s). The data mentioned by Bitinfocharts reported an average hash rate peak over the weekend, added Cointelegraph.
Furthermore, Network hash rates passed about 500 EH/s figure in late November, Cointelegraph concluded.
(With insights from Cointelegraph)
Follow us on Twitter, Facebook, LinkedIn