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Mining Milestone: Bitcoin’s Hashrate Soars to Unprecedented Heights in the New Year
The opening days of 2025 have ushered in new heights for Bitcoin’s hashrate. On Jan. 1, the cryptocurrency’s computational power scaled to a range of 808 to 809 EH/s. As of today, this figure has escalated further, now pulsating between 813 to 823 EH/s. This ascent follows the recent difficulty adjustment on Dec. 29, 2024, at block height 876,960, which saw an increase from 108.52 trillion by 1.16%, reaching 109.78 trillion. The network has experienced a series of consecutive difficulty increases since block height 864,864 on Oct. 9. This increasing challenge hasn’t deterred miners, and as of Jan. 3, 65 distinct mining groups are contributing at least 79.46 kilohash per second (KH/s) or more to the Bitcoin blockchain. However, massive mining pools are flexing far greater computational strength than this baseline. Leading the pack is Foundry USA, boasting an impressive 306.09 exahash per second (EH/s). Antpool follows with 136.38 EH/s, and Viabtc holds a solid position at 112.36 EH/s.
Currently, Foundry USA claims over 37% of the total hashrate, while Antpool contributes 16.7%, and Viabtc accounts for 13.7%. Between those three pools combined, the lot controls 67.4% of the global hashrate. This surge in computational power further coincides with the eve of Bitcoin’s 16th anniversary. On Jan. 3, 2009, Satoshi Nakamoto famously initiated the Genesis block at 1:15 p.m. Eastern Standard Time. Since then, Bitcoin has achieved an extraordinary uptime of 99.9894%, reflecting its enduring reliability and resilience.
Miners play a pivotal role in fortifying Bitcoin’s blockchain, acting as its vigilant guardians. Their relentless computational efforts not only validate transactions but also reinforce the network’s immutability and trustworthiness over time. As mining pools push technological boundaries, they ensure the blockchain remains a secure, decentralized ledger—safeguarding the very foundation upon which Bitcoin’s global utility and resilience depend.
While miners are essential for securing Bitcoin’s blockchain, the concentration of 67.4% of the global hashrate in just three pools has raised concerns about decentralization in 2024. Such consolidation could pose risks to the network’s integrity, potentially enabling coordinated actions that undermine its trustless nature. True decentralization relies on broader distribution, emphasizing the need for vigilance in preserving Bitcoin’s foundational principles.
In 2024, miners explored innovative strategies to decentralize their operations. Open-source projects empowered individuals with accessible ASIC miners, fostering a more distributed network. Additionally, decentralized mining protocols enabled miners to create custom block templates and manage payouts independently of large pools. As 2025 unfolds, it remains to be seen if these efforts will gain further momentum.
🚀 Crypto Theses 2025 – Key Highlights from Messari Report 📊 1.Market Resilience & Growth 🌐 •Crypto rebounded in 2024, with Bitcoin ETFs legitimizing the sector and pushing BTC past $100,000. •Institutions entered crypto aggressively—BlackRock’s ETF hit $40B AUM in ~200 days. 2.Policy Shifts Under Trump 📜 •Favorable crypto policies: SEC reform, Bitcoin advisory council, pro-mining stance, and stablecoin regulation. •Clearer laws are expected to drive institutional adoption and stablecoin growth in 2025. 3.Bitcoin Evolution ⚡ •BTC staking and programmable layers (BitVM) added new use cases—making Bitcoin more versatile. •ETFs and corporate buyers (e.g., MicroStrategy) continue fueling demand. 4.Ethereum Faces Competition ⚔️ •Solana gained ground in DeFi and memecoins, challenging Ethereum’s dominance. •ETH ETFs lag behind BTC, while Layer 2 rollups drive scalability but raise fragmentation concerns. 5.Memecoins & AI Boom 💡 •Memecoins surged, attracting retail investors through speculative trading platforms. •AI & DePIN (Decentralized Physical Infrastructure) reshaped funding, reaching 300% growth in 2024. 6.DePIN Breakthrough 🌍 •Decentralized infrastructure networks hit $40B+ market cap, revolutionizing energy, data, and wireless systems. •Partnerships with governments (e.g., USDA and GEODNET) validated their utility. 7.Stablecoins & Payment Systems 💵 •Stablecoin adoption soared in emerging markets, blending crypto, fintech, and payments into super-apps.
The Future? •Crypto is evolving beyond speculation—focusing on AI integration, DeFi innovations, and real-world applications. •2025 is set to define the next decade for decentralized finance, regulations, and blockchain infrastructure.
Binance Coin (BNB) is the cryptocurrency of Binance, one of the largest cryptocurrency exchanges in the world. The coin was designed to facilitate the trading process on Binance.
BNB was initially issued as an ERC-20 token on the Ethereum platform but has since migrated to BNB's own blockchain. The original total supply of BNB was set at 200,000,000 coins, but through regular coin burn events (the 'burning' or destruction of coins to remove them from circulation), the supply gradually decreases, helping to maintain the coin's value stability.
Like any cryptocurrency, Binance Coin has its own distinctive features. Below are the top five:
Native Token: BNB is the 'native coin' of Binance, specifically designed for use on the Binance cryptocurrency exchange. Transaction Fees: Holders of the coin can use BNB to pay fees for trading on Binance, resulting in lower trading and transaction costs. Buyback and Burn Policy: Binance has announced that it will use 20% of its profits annually to repurchase BNB and then burn (destroy) them. This reduces the total supply and has the potential to increase the value of Binance Coin. Diverse Applications: In addition to paying transaction fees on Binance, BNB users can also benefit from offers and discounts on the platform. BNB is increasingly accepted as a means of payment by various merchants and platforms. Growing Support: Binance continues to expand as a cryptocurrency exchange, contributing to the popularity and eventual value of Binance Coin.