Bitcoin Hashrate Reclaims One Zettahash As Mining Competition Rebounds
Bullish strength: 55/100
- Seven-day average hashrate recovered above one zettahash per second, its highest level since March 3.
- Higher network hashrate indicates renewed participation in Bitcoin mining competition.
Bearish strength: 45/100
- Mining difficulty increased 5.92% on October 16.
- Expanding network computing power can reduce individual miners’ relative share of mining rewards and pressure profitability.
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