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Bitcoin Hashrate Hits Record High

  • Bitcoin hashrate has reached a record high, signaling enhanced network security.
  • Advancements in mining technology, particularly ASICs, have contributed to the increase in hashrate.
  • The rise in hashrate strengthens Bitcoin's resistance to attacks and demonstrates its maturity as a leading cryptocurrency.
  • However, higher hashrate also drives up mining costs, potentially leading to industry consolidation and reduced accessibility for smaller miners.

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