At a time in history when the crypto market is in the midst of an adolescent crisis between marketplaces that are jumping and a Bitcoin that is holding its own despite the situation (showing great strength and solid foundations) mining remains a tool that knows how to attract resources but there are also those who abandon the practice.
Bitcoin mining: how it works and why it matters
Bitcoin mining involves digging up hashes (specific codes) that will be used to confirm new blocks to be added to the blockchain.
The Hashrate Index is the index that keeps its finger on the pulse of the mining operation. Every quarter, this index takes a snapshot of the situation and recently released the one for July, August and September.
The report shows how hashing is paid less and less and how the rising cost of energy delineates an unfriendly picture for those who engage in mining.
Despite this, on October 31 there was a peak hourly high of 304 Eh/s when BTC had begun its descent below $20,000 b
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