ChainCatcher news: Although the price of Bitcoin's hash power has been hovering below $44 per PH/s daily, the network hash rate has started to rise again. From August 9 to 17, the hash rate increased from 612 EH/s to 637 EH/s, an increase of 25 EH/s over 8 days. After the difficulty adjustment on August 14, miners significantly boosted their computing power. The network difficulty decreased from 906 trillion to 868 trillion, a drop of 4.19%, alleviating the pressure brought by the 10.5% increase on July 31.On the day of the difficulty adjustment, the hash rate was 624 EH/s, indicating an addition of 13 EH/s within 72 hours. The price of Bitcoin and low on-chain fees have caused the hash power price to drop to a historic low, falling to $35 per PH/s on August 5.

ChainCatcher news, according to CoinDesk, due to the Bitcoin halving that reduces mining rewards by 50%, while the hash rate continues to hit all-time highs, miners are finding their profit margins squeezed in this already crowded industry.However, as North America enters summer, accompanied by heat waves, this sustained growth momentum is expected to slow down in the coming months. During the summer, the issue of alleviating high temperatures becomes more severe, as companies require more power to cool machines and/or may halt operations due to high demand from energy consumers using air conditioning.Many miners have to reduce operations in the summer, partly because of overheating mining machines, and also because residential energy consumption reaches a sufficiently high level to activate demand response clauses in miners' power purchase agreements.

ChainCatcher news, according to CryptoSlate, Bitcoin's hash rate is soaring, with recent data setting a new daily record.On December 1, Bitcoin's computing power reached a high of 578 EH/s, and then on December 3, there was another significant surge, reaching 558 EH/s. In addition, data from Btc.com shows that Bitcoin's current total network computing power is 500.74 EH/s.

ChainCatcher news, according to The Block, BTC mining pool operator Titan has launched a decentralized computing power routing protocol Lumerin, which will introduce a decentralized Bitcoin computing power market on Arbitrum. The new platform was officially launched on September 26, aiming to eliminate the "peaks and valleys" in the Bitcoin mining business.Lumerin claims that its platform allows anyone to buy, sell, and trade computing power through an open market, thereby helping to achieve the decentralization of Bitcoin mining.