The Bitcoin network hashrate reached its all-time high this month, reaching 74.5 EH/s on Jul.
The hashrate has also recorded its fastest growth in history, Binance Research revealed, increasing by 13.11 EH/s in the past month.
Current Bitcoin network hashrate as of July 12, 2018, is 65.78 EH/s.
While Bitcoin's latest price spike is good news for traders, it's not the only rally the network has seen.
Bitcoin's total hashrate on a 7-day moving average has increased by 13.11 EH/s in the past 30 days.
The Bitcoin network hashrate has just recorded its fastest growth in history.
BTC. Bitcoin's total hashrate has increased by 13.11 EH/S over the past 30 days - its fastest pace ever.
Bitcoin's price spike in the past month was followed by an increase in its hashrate.
Used to measure the computing power of the Bitcoin network, the hashrate shows the speed at which miners solve the complex algorithms needed to mine Bitcoin.
An increase in competition isn't something many have expected, as Bitcoin's rising price and scheduled 2020 halvening were expected to reduce incentives for new miners to join the network.
Bitcoin network hashrate sees fastest growth in history
gepubliceerd op Jul 13, 2019
by Cryptoslate | gepubliceerd op Coinage
Coinage
Vermeld in dit artikel
Recent nieuws
Alles zien
Blockchain Bites: Bitcoin's Run, Uniswap's Hemorrhaging Value, Anchorage's Banking Bid
Bitcoin is nearing all-time highs in price and market cap last set three years ago.
Japan's megabanks to lead experiment with digital yen
We have, in order, Cheese Bank with a $3.3 million theft, Akropolis with its $2 million loss, Value DeFi with a whopping $6 million exploit and finally Origin Protocol's loss of $7 million.
Number of new Bitcoin addresses spikes amid growing FOMO
Japan's three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen.
Not just Wall Street: Quant trader explains why Bitcoin price is going up
Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin.