The Bitcoin Hashrate, so the BTC network power provided, is set is like no other metric with the security of Bitcoin is the same. Just a few days ago, the Bitcoin Hashrate has reached a new milestone, and for the first Time, the 100.000.000 TH/s broken. Yesterday, the BTC hash rate dropped suddenly to about 40% to 57.000.000 TH/s (according to the coin.dance). This unexpected break-in led to wonder and Worry in the Crypto-Community.In this article, we will go to the sudden Bitcoin Hashrate drop on the track and try possible reasons.You don’t want to buy Bitcoin, you know, but where? To decide the right provider is not always easy. Therefore, we recommend that you take the time to look at our BTC brokers & exchanges comparison. Often several providers are already required to really get all the Cryptos to cover. See for yourself: Bitcoin Broker & stock exchange compared with that now read.
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Bitcoin Hashrate breaks momentarily to about 40%
The Bitcoin Hashrate is used as an indicator for the health of the network. The higher the Hashrate, the higher the security and the trust. Although the BTC fits Hashrate rather to the respective Bitcoin exchange rate than the other way around, but the Hashrate can be an indication of where the Bitcoin price will move.The unexpected Bitcoin hash rate burglary was able to recover briefly and moves currently approximately 100.000.000 TH/s Mining Difficulty, so the factor that determines the difficulty of mining a BTC Block, has not adjusted yet. This happens regularly to 2.016 blocks.
Bitcoin Hashrate is only an estimate
On the well-known pages on which the current BTC hash rate is available, is determined on the basis of the following formula and is only an estimate:the Estimated Hashrate= number of blocks * Mining Difficulty / time required, At this point, we can assume that the Mining Difficulty is unchanged, and thus only one possible adaptation of the factors, the number of blocks and/or time per Block for the BTC Hashrate break-in responsible for need to be. On the following Chart, the Bitcoin Block Time (shown in minutes), so the duration was found to the next Block. The volatility of the Block Time results in a fluctuating Hashrate.
Bitcoin Hashrate break-in – possible reasons
The Mining is usually operated always at the limit to profitability. The Bitcoin price collapse of the last two days, after the Start of Bakkt, it could be for many miners unprofitable become. This would have the consequence that some of the Miner must first stop the Mining, to wait again on a higher Bitcoin exchange rate, or an adjustment of the Mining Difficulty.Furthermore, problems in the case of certain Mining could be farms abroad. It is thought that in Mongolia, the Mining was prohibited and, therefore, many Mining companies from the network had to go. Another possibility would be that a Mining Farm started mines the Bitcoin Blockchain in parallel and in secret, to drive a 51% attack on the BTC network.However, for these two theories, the Bitcoin hash rate would have to fall sustainably, and the average time between two blocks found must go to the top. While this is happening, but in no alarming degree. As long as this does not happens over several days, is nothing extraordinary.At this point, so no reason to panic. The Bitcoin network is still the safest in the world. As soon as more backgrounds for the BTC Hashrate break-in are known, we will inform you directly.Was the BTC hash rate is a harbinger for the Bitcoin slump? Come in to our Telegram Chat and talk with the experts and the Community. Subscribe to our News channel to not miss any News. (Image Source: Shutterstock)