JPMorgan Says Bitcoin Hashrate Soars To New Record In October

Bitcoin Mining Hits 1.13 Zh/s as Energy Costs Squeeze Earnings

TLDR Bitcoin mining hashrate reached a record 1.13 zettahash per second in October 2024. Daily revenue per exahash per second dropped 7% from $52,000 to $48,000 compared to September. North American infrastructure expansions drove much of the hashrate growth during the month. Kazakhstan and Middle Eastern regions contributed to the rising Bitcoin mining participation. The hashprice fell nearly 12% month-to-date as Bitcoin prices declined in Oct…

Bitcoin mining hashrate hits record in October, profits lag

Bitcoin reached a record in computing power, but rising block difficulty continues to hurt miners' profits.

JPMorgan Says Bitcoin Hashrate Soars To New Record In October

The Bitcoin network’s hashrate hit a record high in October, signaling growing competition among miners, according to a JPMorgan report released Monday. The monthly average hashrate rose 5% to 1,082 exahashes per second (EH/s), marking an 80% increase since the April 2024 halving. Mining…