Bitcoin mining power reaches all time high in spite of macroeconomic concerns

in hopdh •  2 years ago 

Despite the total cryptocurrency market capitalization below the coveted $1 trillion mark it surpassed in early September and the price of Bitcoin (BTC) struggling to reach the $20,000 mark, the biggest crypto miners seem concerned.

As it happens, the mining hash rate of the flagship digital asset reached a new all-time high of 240.208 million TH/s on October 2, based on a 7-day moving average that has recorded a steady increase in recent weeks.

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