Behind the scenes, bitcoin is doing a very important milestone to achieve. It is only a matter of time before the bitcoin hash rate speed of up to 100 trillion hashes per second.
You can see on this graph Blockchain.com. On 5 may, the network will have a hash rate of up to 42 trillion hashes per second. Now that the hash rate is almost 100 trillion hashes per second. This is more than double (138%) in just four months of age.
The joint computing power, the network continues to grow
The hash rate is described in simple terms of how many calculations per second a computer can handle. As the chart above indicates the number of calculations per second, and the entire network of bitcoin makes it.
Bitcointransacties to be processed by the miners, these miners are continuing their computational power in the network is more secure, and to get bitcoin is to earn money). The more computing power there is on the network, the more difficult it will be to have the blockchain of bitcoin is to hack it. At this point, it is that hacking is nearly impossible, unless you’re willing to take for the millions of dollars of equipment.
Miners use powerful, specialized equipment to set bitcoin to mine. This device is not like a regular mom – and keukenlaptop, but it is much, much faster. The flagship product from Bitmain, the Antminer S9K cites, for example, of 13.5 terahash per second. Written out, that is 13.000.000.000.000 hashes per second. Very fast!
But one miner is still nothing compared to the total network of nearly 100 trillion hashes per second. That is, it is written 100.000.000.000.000.000.000 hashes per second.
Let’s think about that in perspective. With a reasonably fast laptop (for example, an Intel ® Core ™ i7 620M processor with a speed of up to 6.500.000 hashes per second to mine. That might seem a lot, but not when you compare it to the entire bitcoin network. You have to have no less than 15 billion, the laptops need to have the entire bitcoin network to keep up with! You can be on your own, so it was not the network of bitcoin is down.
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Bitcoin block halving is coming, maybe sooner than expected
Because the hash rate is at such a rapid rate increases, and the bitcoin block halving sooner than you expected. The bitcoin block halving, it refers to the time of the reward to miners is cut in half. At that point, there is, therefore, a lower rate of new bitcoin to the market. On the 24th of april of this year, we thought that this would take place on or around may 22, 2020, it should be done. Now, it is the block halving had previously been expected. The block halving is not a place, at a specific time and date, and a specific transactieblok.
At this time, there will be more and more quickly transactieblokken added to it. This has a lot to do with the way that the bitcoin network has been developed. Miners will add, on average, every ten minutes a new transactieblok on the blockchain of bitcoin. There are more miners with it? The level of difficulty in order to mine it up. In this way, it is ten minutes to transactieblok add to it.
The 2016 blocks the difficulty is adjusted, which works out to about every two weeks. In a fast-paced and more miners, then it takes, on average, in less than ten minutes to get a transactieblok add to it. Well, at least until the next change in the level of difficulty. The chart below is from the Bitinfocharts, it takes 7,8 minutes on a transactieblok add to it. As a result, the block halving is closer:
It can also be noticed in the crypto-family. While you may want to be miners, however, really like to pay a 12.5 bitcoin per block, to be notified:
Last 24 hours, has an average block time of 7 minutes, 50 seconds.
Miners really want those to 12.5 btc blocks while they last.
— hodlonaut🌮⚡🔑 (@hodlonaut) September 12, 2019 at the latest
And the price?
It’s an interesting development, but one thing that is quite eye-catching. The hash rate is increasing, but the price of a bitcoin remains have yet to catch up. Earlier, we saw that the exchange rate effect on the hash rate. When the value of bitcoin in november of 2018, considerably decreased, you saw that the miners ‘ interest in a complete loss of bitcoin is to mine. It would seem that miners are now more confident. The share price is falling, but the number of miners continues to grow.