Bitcoin Power Surge
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Bitcoin Power Surge
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This milestone represents a significant leap in Bitcoin's mining power and overall network strength. To put this into perspective, the hash-rate has grown by an impressive 13% since the last halving event in April, when the daily Bitcoin production was cut in half to 450 BTC. This increase in hash-rate, despite the reduction in block rewards, demonstrates the robust health and growing competitiveness of the Bitcoin mining industry. Interestingly, public Bitcoin miners are playing an increasingly prominent role in this surge. Data shows that 12 of the top publicly traded mining companies now contribute nearly 29% of the total hash-rate, which translates to over 200 EH/s. This trend suggests that these public miners are steadily gaining market share, potentially at the expense of smaller, private mining operations.
