you cannot convert your md5 hashes since, md5 cannot be de-crypted, you cannot read the user's passwords.
what you can do is:
- maintain two columns in users table, old password (md5) and new password (bcrypt).
- if a user does not have a new password setup let then login with the old password
- ask them to change their password, and save that as the new password.
- next time they login use the new password to login
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