In recent months, Bitcoin’s (BTC) hashrate has experienced a significant surge, setting new all-time highs and marking a key milestone in the network’s evolution. Market reports suggest that BTC’s hashrate has shattered records, soaring to an unprecedented 769.8 exahashes per second (EH/s) as of late 2024. This milestone not only underscores the relentless advancement of mining technology but also cements the network’s security like never before. With mining difficulty topping 102 trillion, this meteoric rise in BTC’s hashrate sparks discussions on miner profitability, operational costs, and its role in stabilising a post-halving ecosystem, shaping BTC’s future. Dive in to uncover how this surge shapes BTC’s future.
The Arvidsson, Skinner, and Henrique deals were all A+ due to their low AAV and term. Absolutely amazing additions. Nashville They brought in Stamkos and Marchessault who both scored over 40 goals each last year. Huge additions that could bring Nashville back into contention, especially after a middling season where they looked to be treading water. Losers: Buffalo and Detroit These two teams badly needed to add to their rosters to take a step forward, and their big additions were Zucker and Kane. Apparently nobody told Adams and Yzerman it's not 2016. Which teams do you think have had the best and worst starts to free agency?
Bitcoin had been hanging around just below $100,000 for a while. The coin rose above $99,340 on Nov. 22, retreated below $91,300 over the next week, and then bounced between $45,000 and $98,000 for a few days. Wednesday's surge started around noon ET. Rising from a 24-hour low of roughly $94,800, the coin reached a $98,000 plateau four hours later. Near 9:30 p.m. ET, one of my market-tracking apps buzzed in my pocket, saying that Bitcoin was nearing the $99,000 level. Less than 10 minutes after that, I watched a live Bitcoin price tracker skip from a bunch of 9s to just above the legendary $100,000 mark. The surge didn't stop there, and Bitcoin rose above $102,000 while I wrote the paragraphs above. Time flies when you're having fun in the crypto space. As for the reasons behind this sudden spike, Bitcoin investors lionized the incoming Trump administration's nominee to lead the U.S. Securities and Exchange Commission (SEC). Current SEC Chairman Gary Gensler hasn't provided much support to the crypto industry, but he recently preannounced his January resignation. On Wednesday evening, President-elect Trump said he wants the crypto-friendly Paul Atkins to take Gensler's seat. Bitcoin didn't immediately soar when the Atkins pick was published, giving investors a few hours to mull over the implications of the Atkins pick.