Bitcoin

Bitcoin's <a href="https://ultramining.com/news/en/impending-bitcoin-halving-may-trigger-major-hashrate-decline-say-experts/" rel="noopener noreferrer nofollow">hashrate</a> has reached new heights, surging past the 700 EH/s mark as the network braces for the much-anticipated fourth <a href="https://ultramining.com/news/en/heat-waves-and-halving-bitcoin-miners-cash-in-amid-rising-prices/" rel="noopener noreferrer nofollow">halving</a>. Despite minor fluctuations with miners adjusting their output in anticipation of the event, the 7-day average hashrate is nudging towards unprecedented levels, demonstrating the network's growing strength and computational power, according to <a href="https://en.cryptonomist.ch/2024/04/08/the-hashrate-of-bitcoin-is-reaching-new-highs-while-miners-are-preparing-for-the-halving/" rel="noopener noreferrer nofollow">Cryptonomist</a>.&nbsp;&nbsp;
As Bitcoin approaches the critical halving moment, the network's security and mining capabilities continue to expand. Notably, just one year ago, the hashrate was around 40% lower than today's figures, highlighting the remarkable growth within the sector.
In response to the impending halving, which will slash block rewards from 6.25 BTC to 3.125 BTC, mining entities are not just passively awaiting the change. Instead, they're actively enhancing their mining power, collecting as many bitcoins as possible in preparation for potential future value increases.&nbsp;
With just 11 days left until the halving, expected to occur at block height 840,000, the Bitcoin community is on high alert. The exact timing, projected at around 07:30 pm UTC, could shift slightly depending on real-time mining activity.

Bitcoin’s Hashrate Soars, Miners Ramp Up Before the Halving

Ultramining_Eng

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