Fast Take
Bitcoin is witnessing a big surge in its hash fee, with the current figures setting new single-day information. On Dec. 1, the hash fee reached a excessive of 578 eh/s, adopted by one other notable surge on Nov. 3, the place it achieved 558 eh/s.
Amid this surge, the Bitcoin community is lower than per week from its subsequent problem adjustment. This adjustment, at present within the optimistic territory by simply over 1%, is poised to be the seventh consecutive optimistic adjustment. This sequence of optimistic changes mirrors the same development noticed after the China mining ban in Summer time 2021, which led to a steep % drop within the hash fee by 50%.
Regardless of the parallels, the current context differs considerably as it’s marked by a marked improve within the hash fee quite than a decline. This growth within the Bitcoin mining community’s computational energy demonstrates its resilience and adaptableness, crucial components in its long-term viability.
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