Onchain Highlights DEFINITION: The mean hash rate is the average estimated number of hashes per second produced by the network’s miners. Bitcoin’s mean hash rate, represented by the 7-day moving average, has exhibited notable fluctuations throughout the first half of 2024. The hash rate peaked above 650 EH/s in mid-April, coinciding with the latest halving […]
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Hash rate fluctuations in 2024 highlight Bitcoin’s miner resilience and market forces