Bitcoin Mining Power Hits Record, Squeezing Miner Profits Amid Market Rally

The Bitcoin network’s mining power, known as the hash rate, reached a new peak on Christmas Day, intensifying challenges for miners amid decreasing profitability. On December 25, the hash rate hit 544 exahashes per second (EH/s), marking a 130% growth since the start of the year. Meanwhile, Bitcoin’s price has surged by over 160% since […]