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News Explorer — Bitcoin Miners Expand Capacity as Network Hashrate Reaches All-Time High, Indicating Positive Sentiment

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Aug 14, 7:01 am
Coindesk

Bitcoin Miners Expand Capacity as Network Hashrate Reaches All-Time High, Indicating Positive Sentiment

Bitcoin miners have expanded their capacity as the network hashrate reached a new all-time high of 627 exahash per second. This comes despite a recent drop in bitcoin prices and record-low hash price, indicating positive sentiment among miners. Miner outflows spiked after prices touched $49,000, suggesting a miner capitulation event.

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