Bitcoin Hash Rate Hits New All-Time High Amid Stagnating Prices
Bitcoin's hash rate reached a new all-time high over the weekend, peaking at 465 EH/s on Saturday. This indicates the increasing difficulty for any individual or group to control more than 50% of the network's computational power. A higher hash rate strengthens the network's security against hostile takeovers, but it also comes with tradeoffs for miners, such as increased competition and energy consumption.
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Bitcoin Hash Rate Hits New All-Time High Amid Stagnating Prices
Bitcoin's hash rate reached a new all-time high over the weekend, peaking at 465 EH/s on Saturday. This indicates the increasing difficulty for any individual or group to control more than 50% of the network's computational power. A higher hash rate strengthens the network's security against hostile takeovers, but it also comes with tradeoffs for miners, such as increased competition and energy consumption.