Bitcoin Hashrate Hits All-Time High as Publicly-Listed Miners' Share of the Network Peaks
Briefly

from Coindesk4 months ago
Bitcoin's hashrate has surpassed 700 EH/s for the first time, demonstrating significant growth in mining activity, driven by increased transaction fees and higher bitcoin prices.
Coindeskhttps://www.coindesk.com/markets/2024/10/21/bitcoin-hashrate-hits-all-time-high-as-publicly-listed-miners-share-of-the-network-peaks/
The contribution of public bitcoin miners to the hashrate is rising rapidly, reflecting a shift in market share towards top miners while smaller, less efficient operations struggle to survive.
Coindeskhttps://www.coindesk.com/markets/2024/10/21/bitcoin-hashrate-hits-all-time-high-as-publicly-listed-miners-share-of-the-network-peaks/
The highest gains in hashrate growth over the last year are attributed to companies like CleanSpark, MARA Holdings, and Riot Platforms, which are becoming more dominant in the sector.
Coindeskhttps://www.coindesk.com/markets/2024/10/21/bitcoin-hashrate-hits-all-time-high-as-publicly-listed-miners-share-of-the-network-peaks/
As mining becomes capital-intensive and block rewards decrease, weaker miners face financial pressure, potentially leading to a consolidation within the industry favoring efficient, well-capitalized miners.
Coindeskhttps://www.coindesk.com/markets/2024/10/21/bitcoin-hashrate-hits-all-time-high-as-publicly-listed-miners-share-of-the-network-peaks/
Read at Coindesk
#bitcoin #hashrate #mining-profitability #public-miners
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