🚀 Bitcoin Hashrate Breaks Record, Up 74% in One Year! 🚀

- Bitcoin's hashrate hit an all-time high (ATH) of 791.62 million TH/s, according to Ycharts. 🎉

- This represents a whopping 73.95% increase over the past year.

- In recent weeks, Bitcoin's hashrate has surged from 574 million to 742 million, before finally hitting 791 million.

- This increase has been driven by the development of more sophisticated mining equipment and the dominance of registered Bitcoin miners in the US.

- J.P. Morgan analysts note that 14 publicly traded BTC mining operations in the US, such as Marathon Digital and CleanSpark, now control nearly 29% of the global hashrate.

- Despite the increase in hashrate and mining difficulty, daily BTC miner revenue has remained steady at $38.38 million as of October 20, 2024.

- The price of BTC has also surged, reaching $68,400, up 5.6% in the past seven days.

What do you think about this hashrate increase? Let's discuss in the comments! 💬