Bitcoin Mining Power Nears New Record: 7-Day Hashrate Hits 942 EH/s

Description

On-chain data shows the weekly average Bitcoin Hashrate has surged to 942 EH/s, putting it within striking distance of the all-time high (ATH). Bitcoin Hashrate Has Gone Through A Recovery Run The “ Hashrate ” refers to a Bitcoin indicator that keeps track of the total amount of computing power that miners have currently attached to the blockchain. Miners have to employ this power because BTC uses a consensus mechanism based on proof-of-work (PoW) . In this framework, validators compete against ...