Bitcoin Hash Rate Retakes All-Time High As Miners Continue To Expand Capacity

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Miners’ Expansion Drives Bitcoin Hash Rate to New Heights
Bitcoin mining difficulty has been steadily increasing as more miners compete to mine the next block on the Bitcoin Blockchain. With improved weather conditions in Texas, a major mining hub, miners have gone back online and pushed the mining hash rate to an all-time high. The hash rate reached 465 EH/s, up from 406 EH/s the previous day. This increase in hash rate has led to a higher block production rate. Bitcoin miners generated $184 million in revenue in Q2, with an increase in transaction fees due to the introduction of BRC-20 Tokens on the blockchain.


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