The Bitcoin network has been experiencing a massive surge in hash rate, hitting a record high of 635 exahashes per second (EH/s). This surge, while impressive, has also brought some challenges to the mining industry. Record Hashrate, Shrinking Profits While Bitcoin's price has been hovering ...

Bitcoin mining is facing a tough time. Even though Bitcoin is trading at near record highs, miners are seeing their profits dwindle. This is because of the massive increase in network hashrate, which has tripled since November 2021. The hashrate is a measure of the computing power needed to mine ...