Bitcoin

April

<h2 id="quick-take">Quick Take</h2> 
<p>The Bitcoin mining <a href="https://cryptoslate.com/insights/bitcoin-network-hits-record-breaking-551-eh-s-hash-rate-as-sixth-straight-difficulty-increase-looms/">hash rate</a> continues to experience a significant upturn. The decentralized Bitcoin mining pool, <a href="https://cryptoslate.com/decentralized-bitcoin-mining-pool-ocean-raises-over-6m-in-seed-funding/">OCEAN</a>, spearheaded by Jack Dorsey, is noteworthy. It has recently commenced operations, reaching an impressive 126 ph/s, or approximately 0.024% of the total hash rate network, estimated at 550 eh/s. Given its decentralized nature, projections indicate a potential increase in <a href="https://ocean.xyz/dashboard">OCEAN’s</a> hash rate contribution over time.</p> 
<figure id="attachment_377699" aria-describedby="caption-attachment-377699" style="width: 100%" class="wp-caption aligncenter">
 <img decoding="async" class="wp-image-377699 size-full" src="https://cryptoslate.com/wp-content/uploads/2023/11/ocean.png" alt="Ocean Hash Rate: (Source: ocean.xyz)" width="1574" height="391" srcset="https://cryptoslate.com/wp-content/uploads/2023/11/ocean.png 1574w, https://cryptoslate.com/wp-content/uploads/2023/11/ocean-300x75.png 300w, https://cryptoslate.com/wp-content/uploads/2023/11/ocean-1024x254.png 1024w, https://cryptoslate.com/wp-content/uploads/2023/11/ocean-768x191.png 768w, https://cryptoslate.com/wp-content/uploads/2023/11/ocean-1536x382.png 1536w" sizes="(max-width: 1574px) 100vw, 1574px">
 <figcaption id="caption-attachment-377699" class="wp-caption-text">
  Ocean Hash Rate: (Source: ocean.xyz)
 </figcaption>
</figure> 
<p>Furthermore, a comprehensive review by mining analyst <a href="https://x.com/sebastian_ski/status/1725599638000955396?s=20">Sebastian Ski</a>&nbsp;reveals that the percentage of the Bitcoin Network Hashrate for public miners sits at 25% for 2023, maintaining stability for the year yet representing a considerable rise from the 16% recorded at the start of 2022.</p> 
<figure id="attachment_377701" aria-describedby="caption-attachment-377701" style="width: 100%" class="wp-caption aligncenter">
 <img decoding="async" class="wp-image-377701 size-full" src="https://cryptoslate.com/wp-content/uploads/2023/11/HR-3.png" alt="Public Bitcoin Miners percentage of Network Hashrate: (Source: @sebastian_ski)" width="1427" height="245" srcset="https://cryptoslate.com/wp-content/uploads/2023/11/HR-3.png 1427w, https://cryptoslate.com/wp-content/uploads/2023/11/HR-3-300x52.png 300w, https://cryptoslate.com/wp-content/uploads/2023/11/HR-3-1024x176.png 1024w, https://cryptoslate.com/wp-content/uploads/2023/11/HR-3-768x132.png 768w" sizes="(max-width: 1427px) 100vw, 1427px">
 <figcaption id="caption-attachment-377701" class="wp-caption-text">
  Public Bitcoin Miners percentage of Network Hashrate: (Source: @sebastian_ski)
 </figcaption>
</figure> 
<p>These developments underscore the dynamic nature of the Bitcoin hash rate landscape, especially as the market prepares for the anticipated halving event in April 2024.</p> 
<p>The post <a href="https://cryptoslate.com/insights/decentralized-mining-pool-ocean-by-jack-dorsey-joins-bitcoin-hash-rate-surge/">Decentralized mining pool OCEAN by Jack Dorsey joins Bitcoin hash rate surge</a> appeared first on <a href="https://cryptoslate.com">CryptoSlate</a>.</p>

Decentralized mining pool OCEAN by Jack Dorsey joins Bitcoin hash rate surge

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