Bitcoin Hashrate Hits New All-Time High, Exacerbating Profitability Challenges for Miners

Source: AdobeStock / Photocreo Bednarek The hashrate of the Bitcoin (BTC) network has reached a new all-time high, putting additional pressure on miners who are already grappling with a slump in profitability. According to data from Blockchain.com and Bitinfocharts, Bitcoin’s hashrate soared to a record-breaking 544 exahashes per second (EH/s) on Christmas Day. Throughout the The post Bitcoin Hashrate Hits New All-Time High, Exacerbating Profitability Challenges for Miners appeared first on Cryptonews .