The hashrate refers to the total combined computational power used to mine and process transactions on a proof-of-work blockchain and is a proxy for competition in the industry and mining difficulty
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U.S.-Listed Bitcoin Miners Are Growing Their Share of the Network Hashrate: Bernstein
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The hashrate represents the total computational power used for mining and verifying transactions on a proof-of-work blockchain, it serves as an indicator of industry competition and mining difficulty
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