According to Bitcoin Magazine Pro, the 7-day average mining hash rate for Bitcoin has hit a new all-time high, surpassing 667 exahashes per second (EH/s) on July 26th during the Bitcoin 2024 conference. This tops the previous record of 657 EH/s set on May 26th.

The hash rate refers to the total computational power miners dedicate to processing transactions and mining new blocks on the Bitcoin blockchain. A higher hash rate means greater competition among miners to validate blocks, making the network more resistant to manipulation or attack.

Major mining firms like Whatsminer…

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