Bitcoin's hashrate, a key indicator of network security and processing power, has hit a record high, surpassing 1,000 exahashes per second. This surge signifies the continued growth and strength of the Bitcoin network.
Bitcoin 's hashrate, a measure of the network's computational power, has exceeded 1,000 exahashes per second for the first time. This milestone signifies a significant growth trajectory for Bitcoin 's hashrate, which has been increasing exponentially in recent years. A year ago, it stood at 173 EH/s. The hashrate has surged from 588 EH/s to a zetahash per second over the past year.
This growth follows a period of decline after the quadrennial Bitcoin halving in April, where some miners faced challenges due to reduced block rewards. However, the hashrate has since recovered, reaching a peak of 844 EH/s on October 21. Concurrently, Bitcoin mining difficulty, directly linked to hashrate, has reached a record high of 109.78 trillion. The next difficulty adjustment, scheduled for January 12, is also projected to be positive, with mining difficulty potentially surpassing 111 EH/s for the first time. Notably, there appears to be a correlation between Bitcoin hashrate and price, with both showing potential causal influence on each other
Bitcoin Hashrate Cryptocurrency Mining Difficulty Network Security
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