© Reuters. Bitcoin (BTC) Hashrate Gains Another Peak
The (BTC) network saw another mining peak, reached within a day of heightened activity. Mining touched a pace of 86 EH/s, an unprecedented number of hashing operations, after days of relatively weaker mining.
The heightened mining is happening despite the recent peak difficulty. Miners are also joining in despite the recent drop in BTC market prices. Despite the adage of “miners follow the money”, even at $9,500, BTC is attractive enough. Also, miners tend to follow block rewards, and for the Bitcoin network, only about four months are left until the block reward is slashed in half to 6.25 BTC.
The heightened mining activity, while possibly temporary, is seen by some trad…
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