Why Bitcoin’s hashrate explosion could squeeze public miners next
On Sep. 23, Bitcoin’s hashrate set a brand new all-time high of 1,073 EH/s. Over the final month, uncooked compute rose about 21%. Over the final quarter, roughly 70%. Over the final yr, the curve went vertical, up round 675%. Hashrate was a chart for miners and protocol nerds. Now it reads like a capital…
