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Bitcoin Miners Flex Muscle as Hashrate Inches Up in Early May—JPMorgan Spots the Glow-Up

Bitcoin Miners Flex Muscle as Hashrate Inches Up in Early May—JPMorgan Spots the Glow-Up

CoindeskEN
Author:
CoindeskEN
Release Time:
2025-05-19 13:48:14
0

Bitcoin Network Hashrate Rose Slightly in First Two Weeks of May: JPMorgan

Bitcoin’s backbone just got a subtle power surge. Network hashrate—that relentless churn of cryptographic guesswork—crept upward in the first half of May, per JPMorgan’s latest snooping. Not a moon mission, but enough to make ASIC manufacturers smirk.

Why it matters: More hashing power means tougher security (and juicier energy bills). Miners are doubling down despite Wall Street’s usual hand-wringing about ’wasted watts.’

The kicker: If this keeps up, the next difficulty adjustment might actually make traders glance up from their leveraged ETF prospectuses. Briefly.

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