The Bitcoin mining industry experienced a record-breaking year in 2024, with a network hashrate peaking at 808 EH/s, a 56.7% increase since last year.
The 2024 halving event reduced the Bitcoin block subsidy from 6.25 BTC to 3.125 BTC, exerting pressure on miners to enhance operational efficiency for profitability.
Block space demand surged as over 94.3% of all Bitcoin was mined, pushing transaction limits due to innovations like Ordinal inscriptions and the Runes protocol.
Collection
[
|
...
]