Bitcoin's hash rate recently surged to an all-time high of 1.279 zettahash per second, representing the highest single-day measurement of computing power for the cryptocurrency. This achievement comes despite the price of Bitcoin remaining relatively steady at around $111,985, reflecting minor fluctuations over the past week. The seven-day moving average also surpassed 1 zettahash per second, indicating increased activity among miners, who face challenges such as rising energy costs and lower rewards due to a recent halving that halved their payout to 3.125 bitcoins. A higher hash rate signifies more computing power securing the Bitcoin network, making it harder for potential attackers to gain control. Following China's ban on Bitcoin mining in 2021, North America has emerged as a dominant region for mining operations. As mining becomes more resource-intensive, many miners are transitioning to high-power computing systems to sustain their profitability amid Bitcoin's price volatility.

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