KiYoung Ju, the founder and CEO of CryptoQuant, revealed that there are currently about 4.43 million ASIC mining machines providing computing power support for the Bitcoin network, driving the total network computing power to a historic high. This growth mainly comes from an increase in the number of mining machines, rather than an improvement in chip performance. Since the beginning of this year, the number of mining machines has increased by 826,000 units, a year-on-year increase of 23%.

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