Bitcoin’s Hash Rate Soars Past 1,000 EH/s, While Miners Face Revenue Decline

Bitcoin’s network has recorded a historic surge in its hash rate, exceeding 1,000 exahashes per second. This indicates stronger security for the blockchain, fueled by increased computing power and wider participation in mining operations. However, this rise comes amidst significant revenue losses for Bitcoin miners. Data reveals a decline in profitability as block rewards are now lower, transaction fees remain weak, and many miners are shifting their focus to liquidity.