Bitcoin mining hash rate reaches a record as shift to renewables accelerates
Bitcoin’s (BTC) price struggling below $20,000, the asset’s mining activity appears to be thriving, with competition among miners continuing to grow. Consequently, this scenario has resulted in the Bitcoin mining hash rate hitting a new record high. Indeed, as of September 25, Bitcoin’s mining hash rate spiked to a new all-time of 226.633 EH/s. The hash rate, which refers to the total computational power used to process transactions, started peaking up in August when Bitcoin showed signs of short-term recovery. However, the hash rate has soared while Bitcoin’s price continues to struggle. Overall, the rising hash rate translates to Bitcoin becoming more difficult to mine and partly indicates the asset’s next price movement.
Source
https://t.me/Kucoin_Coins_Token
