Fast Take
The Bitcoin mining hash rate continues to expertise a big upturn. The decentralized Bitcoin mining pool, OCEAN, spearheaded by Jack Dorsey, is noteworthy. It has not too long ago commenced operations, reaching a powerful 126 ph/s, or roughly 0.024% of the whole hash price community, estimated at 550 eh/s. Given its decentralized nature, projections point out a possible enhance in OCEAN’s hash price contribution over time.
Moreover, a complete overview by mining analyst Sebastian Ski reveals that the share of the Bitcoin Community Hashrate for public miners sits at 25% for 2023, sustaining stability for the 12 months but representing a substantial rise from the 16% recorded firstly of 2022.
These developments underscore the dynamic nature of the Bitcoin hash price panorama, particularly because the market prepares for the anticipated halving occasion in April 2024.
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