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.
The Russian mining industry is experiencing strong growth, with BitRiver leading the way, propelling Russia into the top 3 globally.