Bitcoin Sees Major Hash Rate Recovery, Ethereum Mining Slows222

Bitcoin’s hash rate has been on the rise since its 50 percent drop last year and has regained over 80 percent of its all-time-high rate. Meanwhile, the Ethereum hash rate has fallen by almost 50 percent as the blockchain enters its transition from proof-of-work (PoW) mining to proof-of-stake (PoS) staking.

The early days of March have brought about optimism into the crypto industry, as most digital coins saw modest price increases. This has prompted many to believe that the crypto winter that has put the entire market at a halt has finally “come to an end.”

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