Bitcoin hashrate hit a new all-time high of 769.8 exahashes per second (EH/s) on October 21, showcasing the growing security of the Bitcoin network. This increase is driven by advancements in ASIC mining hardware. While it boosts network security, it also raises mining costs, especially as the 2024 Bitcoin halving approaches. This may lead to consolidation among smaller mining firms as rewards shrink.

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