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Bitcoin revenue per terahash drops to record levels as the hash rate rises!
_#Btcoin mining revenue or “hash rate” — a measure of dollars earned per hash per second per day — has fallen to levels not seen since the FTX crash in November 2022, while the hash rate has reached new record highs. Over the past week, the hash rate of the Bitcoin network exceeded 414 exahashes per second on August 18, marking a new peak for the scale. The peak saw the network's hash rate rise 54% from what it was at the start of 2023 and 80% over the past 12 months, according to Blockchain.com.
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_#Btcoin mining revenue or “hash rate” — a measure of dollars earned per hash per second per day — has fallen to levels not seen since the FTX crash in November 2022, while the hash rate has reached new record highs. Over the past week, the hash rate of the Bitcoin network exceeded 414 exahashes per second on August 18, marking a new peak for the scale. The peak saw the network's hash rate rise 54% from what it was at the start of 2023 and 80% over the past 12 months, according to Blockchain.com.
#follow For more news and details.
$BTC $ETH $BNB
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Bitcoin ETF Approval Pushes Bitcoin to New Highs, Says LongHash Ventures Co-Founder
According to Foresight News, Emma Cui, the co-founder and executive partner of LongHash Ventures, spoke at the 2024 Hong Kong Web3 Carnival. During the 'East & West, Industry & Academia' roundtable discussion, she stated that the market is currently in the relatively early stages of a bull market. The approval of a Bitcoin spot ETF has pushed Bitcoin to new highs. However, many assets, including Ethereum, have not yet reached their previous peaks, indicating that the market still has room to rise further.
Cui also commented on Meme tokens, stating that while they are interesting, they have reached a stage of high manipulation. She emphasized the need for discernment in dealing with these tokens.
Cui also commented on Meme tokens, stating that while they are interesting, they have reached a stage of high manipulation. She emphasized the need for discernment in dealing with these tokens.