Hash Rate

Initially, Bitcoin (BTC) mining was an activity practiced exclusively by a handful of insiders. However, over time, more and more people began to engage in it. As the phenomenon grew, mining farms started to emerge. In this article, we will explore what these platforms are, how they operate, and why they are interesting. We will also look at how they are powered, whether they are profitable, and what their future holds.

The entire technology surrounding the Bitcoin ecosystem continues to fascinate us. Every element and feature is important for ensuring the proper functioning, security, and decentralization of the network. This is the case with the hashrate, which is a measure of the total computational power required by the Bitcoin network to validate new blocks. The hashrate is essential for the Bitcoin mining process. But what exactly is it? How does it work? And above all, what is it used for?

When Bitcoin doesn't take off, miners row against the current, and their profitability is sinking. Stuck below the surface!

When Bitcoin's hash rate plays yo-yo, miners risk their shirts between energy costs and competition.

The Bitcoin network difficulty spikes by 14%: BTC miners juggle costs, awaiting better days.

After an initial post-Halving drop, the computing power of the Bitcoin network has surged to establish a new all-time high!

On March 14, the Bitcoin mining difficulty reached a record level of 83.95 trillion hashes, reflecting increased competition among miners. Paradoxically, on the same day, the price of BTC experienced a massive drop after reaching a historical high of $73,835.

Bitcoin recently exceeded 500 EH/s. That is, 500 trillion trillion hashes per second. Putting things into perspective.

Here is a selection of figures putting the year 2023 into perspective for bitcoin. Fifteen years already...

As the hashrate has soared by 102% in 2023 and the halving is approaching, bitcoin miners continue to strengthen their operations.

Here is a small quiz created by TheMinerMag that will keep bitcoin miners busy during the quiet times of the holiday season.

The hashrate of Bitcoin mining has just reached a new historical record, indicating enhanced network security.

About 6 months from now, the Bitcoin halving, which is the 'halving' of rewards given to miners working with the Bitcoin protocol, is set to take place. The Bitcoin halving has been the subject of various speculations and analyses, with discussions ranging from the potential price increase of BTC to the challenges miners might face, as well as systemic effects. JP Morgan predicts that this event will have a negative impact on the profitability of mining operations.

Bitcoin remains in the red year-on-year. However, this long period in the wilderness augurs well for a symmetrical bull market.