Bitcoin Mining Surges to New Record, Profit Margins Decline as Ethereum Merge Frees Up Capacity

Bitcoin mining has hit a new record in the aftermath of the Ethereum Merge, the technical upgrade that replaced as many as one million powerful computers with Ether holders to validate transaction data encrypted by the network and reduce its carbon footprint by 99 percent. Meanwhile, mining difficulty, a measure of Bitcoin miners’ computing power for the blockchain,...

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