Bitcoin Network Sets New Hashrate Record Above 900 EH/s

Bitcoin has hit a new all-time high in its mining activity, with the network’s hashrate reaching over 900 EH/s. This milestone is attributed to increased investment and growth within the mining industry, particularly driven by major players like Marathon and Riot. While this surge suggests robust investments in mining hardware and infrastructure, it also carries potential implications for Bitcoin’s difficulty and miner profitability. Increased network difficulty could potentially lower miners’ earning per hash as a result of higher competition in the mining sector.