According to TechFlow, on October 21, Cointelegraph reported that the Bitcoin network computing power reached a record high of 769.8 EH/s, highlighting the increasing security of the world's first blockchain network.

According to BitInfoCharts data, Bitcoin computing power has been on a steady upward trend since 2021. This growth is closely related to the technological advancement of mining hardware (such as ASIC). Although the rising computing power means improved security of the Bitcoin network, it also leads to higher mining costs.

As the Bitcoin halving event approaches in 2024, block rewards will decrease. This factor, combined with the growing computing power, may trigger a wave of integration among small mining companies.