The hashrate of the Bitcoin (BTC) has once again reached a new record. This is a previous record from last week, once again defeated, and the network will be healthier and safer than ever before.
The network is managed hashrate to achieve 94 UH/s, compared to ca. 84 ER/s a week ago. That’s 94 trillion hashes per second (one trillion, one billion, times one billion in the red).
In a nutshell, the more computing power than ever before, the grid has to be available to process transactions.
With the growing popularity of a number of representations have a better, more efficient mining equipment, and the growing interest for bitcoin mining.
Also, the higher the hashrate, the more a miner has the opportunity to win the block reward. This can lead to an “arms race” among mining pools to include more equipment to set up.
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Bitcoin hashrate
Therefore, We can conclude that, at a fundamental level, the network will be healthier and safer than ever before, according to data from the blockexplorer Blockchain.
The computing power of the bitcoin network less times. Since the beginning of this year, the hashrate when the price of a revival in progress.
In January, the hashrate is still below the 50 trillion hashes per second.
Source: Blockchain.com
Hashrate and the bitcoin price.
Max Keiser, a commentator and a self-bitcoinbull, you will see a correlation between the price of BTC, and the network status.
He predicts that the network will be the 100 trillion hashes per second to shoot an arrow. In fact, he believes that BTC is becoming more and more data center real estate is going to claim for the cost of the fiat system.
#Bitcoin is a hash-set to break the 100 Q, This will start to become a problem for fiat, as the data centers are dedicated to maintaining the fiat systems are pulled into the BTC black hole, or a true value.
— Max Keiser, tweet, money. (@maxkeiser) on September 8, 2019 at the latest
Also, it’s an anonymous twitter account Hodlonaut make a historic comparison, as well as a reference to the state of the network just prior to the bullrun.
In the month of september, 2017 and was the hashrate by more than 6 UM/sec. At the peak of the market in december of 2017, the hashrate has gone up to over 14 UM/s.
This implies Hodlonaut that the hashrate in the coming months by up to a factor of two to three is going to increase. That is very much to be seen and yet have to be in the range of ‘speculation’.
In September 2017 the total Bitcoin hashrate was just about 6 UM/sec.
Today, hashrate increases with that same amount every 2-3 weeks.
— hodlonaut?⚡? (@hodlonaut) on September 8, 2019 at the latest
Well, the big question is whether the bitcoin price to rise. At the time of this writing, the price of BTC is $10.219 on Bitstamp, after falling in the direction of $10.060.
It seems that the support is in the $10,000 / $9.900 to keep up.
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