Bitcoin Hashrate Races To New High
CryptoNewsTerminal Staff03 Sep, 2024
Bitcoin Hashrate Races To New High
Bitcoin Magazine reported four hours ago that the BTC network hash rate hit a new all-time high of 740 EH/s. This represents a significant increase from the previous record of 690 EH/s set in October 2022. The hashrate is a measure of the total computational power being used to mine Bitcoin. It is an important metric because it directly affects the security of the network. A higher hashrate makes it more difficult for malicious actors to attack the network. The recent increase in the hashrate is likely due to a number of factors, including the rising price of Bitcoin and the release of new, more efficient mining hardware. The rising hashrate is a positive sign for Bitcoin. It indicates that the network is becoming more secure and that miners are continuing to invest in the ecosystem.
