Bitcoin Hashrate Hit Record 1,157 EH/s, E Dey Spur Minin Competition
According to JPMorgan report wey CoinDesk talk about, Bitcoin hashrate climb 5% reach 1,082 EH/s for October and e dey rise reach record 1,157 EH/s since den. The Bitcoin hashrate wey dey rise dey boost network security and decentralization but e sharpen mining competition and e push difficulty go new highs. Block reward revenue drop 3% to about $48,000 per EH/s per day. Publicly listed U.S. mining companies see say their market caps jump 25% reach $70 billion, because of strategic AI moves and make computer infrastructure for AI work more diverse. Even though network growth strong, Bitcoin price just dey range, e show say market dey lag behind hashrate gains. Traders suppose watch energy costs, hardware efficiency, and miners' AI strategies to see how e go affect mining profit and Bitcoin price momentum.
Bullish
Di record surge wey Bitcoin hashrate reach 1,157 EH/s show say the network get strong foundation and miners dem dey confident. The higher hashrate and difficulty na sign say people don put more money for mining hardware, e dey boost security and decentralization. Even tho the block reward revenue per EH/s drop small by 3%, the 25% rise wey U.S. mining companies get for market caps—wey AI strategy and infrastructure diversification dey drive—show say market get better feeling. Short term, Bitcoin price fit remain within range as hashrate growth dey faster pass immediate demand. But if hashrate and capital keep rising steady for efficient, AI-driven mining operations, e usually come before bullish price trend. Traders fit see these tins as sign say the network go continue grow and Bitcoin get strong long-term potential.