Bitcoin miners believe global hash rate to grow ‘aggressively’
Despite the price of BTC, the Bitcoin network is the strongest it’s ever been, according to industry experts. Bitcoin (BTC) seems to be on everyone’s mind lately as the world recently witnessed the price of BTC take a rather unexpected bearish turn this month. On January 21, 2022, Bitcoin reached six-month lows, sinking below $40,000 for the first time in months. While some panicked, other industry experts pointed out that the Bitcoin network has become verifiably stronger than ever before. The growth of the Bitcoin network has become apparent, as hash rate figures for BTC continue to set....
Related News
The network hash rate jumped 31.69% — from 188.40 EH/s to 248.11 EH/s — in just one day, further ensuring resilience against attacks on the Bitcoin network. The Bitcoin (BTC) network has recorded a new hash rate all-time high of 248.11M TH/s as of Feb. 12, 2022, further securing the decentralized ecosystem through a growing network of global BTC miners. The hash rate correlates to the computing power required by a miner’s computer equipment to confirm a transaction. The recent spike in BTC’s network hash rate ensures further security against attacks by deterring bad actors from confirming....
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....
In the world of Bitcoin mining, the concept of decentralization versus centralization has been a subject of ongoing debate. Recent data from Hash Index has shed new light on this discussion by revealing that public miners make up just 28% of Bitcoin’s global hash rate. This statistic challenges the notion that miners hold central control […]
After the global hash rate of Bitcoin dropped to as low as 84 EH/s in June, the network has since recovered to sit at around 175 EH/s this week. The global hash rate of the Bitcoin network tanked to as low as 84 exahashes per second (EH/s) at the start of June following the Chinese government’s crackdown on the crypto mining sector.According to Blockchain.com, the global hash rate has increased by 108% since June, with the Bitcoin network performing at a rolling seven-day average of 175 EH/s as of Wednesday. The figure is roughly 3% shy of peak levels of 180 EH/s seen at the height of the....
If there was any doubt that that the bitcoin network is gaining traction, let this next story serve as food for thought. The bitcoin network hash rate has surpassed the 10 peta hash mark. For the ordinary Joe, what does this mean? Well, not too much aside from the fact that the bitcoin network has a huge amount of power behind it. For miners, this means a whole new level of difficulty, and a whole new array of bitcoin miners that trump previous iterations. It's not a stretch to say that not many of us expected the network to grow this rapidly, but it most certainly has. What will 2014 have....