Bitcoin (BTC) is unstoppable when it comes to mining, as the hashrate breaks out to new highs. Bitcoin’s network saw a surge over the weekend, to above 72 EH/s, breaking the previous peaks around 68 EH/s.
BTC mining has grown continuously, coinciding with the price growth. During the December lows in late 2018, mining also reached a temporary bottom, but has picked up ever since. At prices as low as $3,200, mining profitability was questionable. Now, new machines, abundant hydroelectric power and a price above $11,000 mean ideal conditions for miners to continue gaining block rewards.
Transaction fees are also a source of revenues for miners, and the price has crept up, to around $1.91 per transaction, with additional daily anomalies. On days of highly active trading, fees also go through temporar...