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Bitcoin’s network security reached unprecedented levels as its hash rate hit a new all-time high of 1.279 zettahash per second. This milestone comes despite miners facing significant challenges including rising energy costs and reduced block rewards. The increased computing power demonstrates continued miner commitment to securing the world’s largest cryptocurrency network.
- Bitcoin's hash rate reached 1.279 zettahash per second, representing one sextillion hashes computed every second for network security
- Miners face a 50% reduction in block rewards after the 2024 halving, now earning 3.125 BTC instead of 6.25 BTC per block
- North America has emerged as the dominant Bitcoin mining region following China's 2021 mining ban, reshaping the global mining landscape
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