Indeed, the Bitcoin mining hash rate has been recording a steady uptick since late June 2021.
Specifically, the hash rate of Bitcoin, or the total computational power used to process transactions, i.e.
Meanwhile, the sum of all rewards paid to Bitcoin miners is 10.71 BTC for each block, compared to nearly 100 BTC in late June.
It should be noted that the latest increase in hash rate has followed the third drop of Bitcoin’s mining difficulty adjustment algorithm for 2022, which took place on April 14.
Ana Nicenko has a plethora of knowledge and experience as a journalist covering the cryptocurrency and blockchain industries, having written for a variety of projects and organizations.
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