2024

Bitcoin

<p>The Bitcoin network's hashrate reached an impressive 631 EH/s in August 2024, marking a significant increase of 16 EH/s compared to the previous month. This surge highlights the growing competition among miners as they continue to deploy more powerful hardware to keep up with network demands.</p>
<p>However, this rise in hashrate also coincided with increased mining difficulty, leading to a significant dip in profitability. The combination of a rising hashrate and declining block rewards has pushed some miners to explore alternative revenue streams, such as AI data centers. This competitive environment emphasizes the need for efficient and cutting-edge mining equipment to maintain profitability in an increasingly crowded market.</p>

Bitcoin Hashrate Climbs to 631 EH/s in August 2024

Ultramining_Eng

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