Bitcoin's daily computing power hits a record high of 1.279 ZH/s

PANews reported on September 4th that according to Decrypt, data from mining data platform CoinWarz shows that Bitcoin's daily computing power hit a record high of 1.279 ZH/s on Tuesday, despite the asset's price remaining essentially flat over the previous 24 hours. Bitcoin's seven-day moving average for computing power also reached a high, exceeding 1 ZH/s. Despite miners still facing rising energy costs and declining rewards, computing power continues to rise. Since last year's halving, miners' earnings have fallen from 6,250 bitcoins to 3,125. Miners typically rely on rising Bitcoin prices to cover costs, but the asset's continued price volatility has prompted some large miners to turn to high-performance computing.