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Bitcoin Miners Flex Muscle as Hashrate Inches Up in Early May—JPMorgan Spots the Glow-Up
Bitcoin Miners Flex Muscle as Hashrate Inches Up in Early May—JPMorgan Spots the Glow-Up
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Bitcoin’s backbone just got a subtle power surge. Network hashrate—that relentless churn of cryptographic guesswork—crept upward in the first half of May, per JPMorgan’s latest snooping. Not a moon mission, but enough to make ASIC manufacturers smirk.
Why it matters: More hashing power means tougher security (and juicier energy bills). Miners are doubling down despite Wall Street’s usual hand-wringing about ’wasted watts.’
The kicker: If this keeps up, the next difficulty adjustment might actually make traders glance up from their leveraged ETF prospectuses. Briefly.
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