Bitcoin network hash rate hit a new record high amid price volatility
Bitcoin network hash rate hit a new record high, seeing a 400% increase since the mining ban by China last year. The hash rate of the Bitcoin (BTC) network hit a new ATH, even when the price of the top cryptocurrency struggled to get past the $40K mark.The network's hash rate hit a new record high of 258 EH/s on Thursday before settling around the 220 EH/s mark. The recent rise in the BTC network hash rate signifies the growing number of miners on the blockchain. The bitcoin network hash rate has grown more than 400% since the Chinese crypto mining ban last year when it fell below 70....
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The Bitcoin network hash power is at an all-time high as the spot price looks to breach the $36,000 price mark for the first time. The Bitcoin (BTC) price is not the only metric seeing record numbers as the network hash rate has set a new all-time high.According to data from Blockchain.com, the estimated seven-day average Bitcoin hash rate is now at about 148 exahashes per second, or EH/s. This figure represents the amount of computing power expended by miners to secure the network every second.Bitcoin hash rate. Source: Blockchain.com Tweeting on Jan. 1, on-chain analytics data provider....
The Ethereum mining hash rate has reached a new all-time-high (ATH) value after completely recovering from China’s crackdowns. Ethereum Mining Hash Rate Makes New ATH The ETH network hash rate has made a new ATH record as the average daily hash rate reached 715k GH/s on Sunday. As Ethereum currently uses a Proof of Work […]
The Bitcoin network hash rate notched a new all-time high of 248.11 million terahashes per second (TH/s) on Saturday. It has risen from 188.40 EH/s to its new all-time high in just one day, according to Blockchain.com data. In the previous few hours, it has hovered around 209.6M TH/s. Security is a critical component of […]
Hash rate plays a vital role in every Proof-of-Work (PoW) blockchain. It measures the computational drive for all transaction verification and block additions to the network. Hence, the Bitcoin hash rate represents the number of people involved in BTC mining. As the number of miners increases, the hash rate will also increase. This results in maintaining the security and stability of the Bitcoin ecosystem. Many investors will consider hash rates before engaging in any project. Before now, the BTC price and hash rate have maintained a direct proportionality relation. This is because there....
With the swings in the crypto market, Bitcoin has been at different unexpected levels this year. The crypto winter in the year’s first half gave the leading crypto asset a blow off its balance. As a result, BTC’s price fell to over half its value as of November 2021. But despite the price fluctuation, the Bitcoin hash rate moved upward since its drop in mid-July. In a recent report, the BTC hash rate has hit a new all-time high (ATH). This new position came following the last increase in the mining difficulty. Related Reading: Here’s Where Investors Expect Cardano (ADA) Price....