BITCOIN: NEW HASHRATE RECORD AT 698 EH/S DESPITE MARKET CHALLENGES

Despite a decrease in BTC price and hashprice, as well as a 4.09% increase in network difficulty, Bitcoin miners managed to bring the total hashrate to unprecedented levels.

On October 10, 2024, the seven-day average hashrate reached 698.94 EH/s, after falling to 625 EH/s at the end of September. This increase of 73 EH/s in ten days reflects a remarkable resilience of miners.

This points to the miners resilience and confidence in bitcoin's long term vision. HODL as much as you can.