Bitcoin Mining Activity Rises Again as Hashrate Decline Ends
Minseung Kang
Summary
- Cointelegraph, citing CryptoQuant data, said Bitcoin’s hashrate has ended its recent downtrend and is rising again.
- Bitcoin’s hashrate is a measure of the total computing power devoted to mining Bitcoin.
- Cointelegraph said the rebound suggests mining companies are expanding activity again.
Forecast Trend Report by Period
Bitcoin network mining activity has stopped declining and is increasing again, according to a recent analysis.
Cointelegraph reported on September 21, citing CryptoQuant data in a post on X, that Bitcoin’s hashrate has ended its recent downtrend and is climbing again.
Hashrate is a measure of the total computing power devoted to Bitcoin mining. Cointelegraph said the rebound suggests mining companies are ramping up activity again.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.