Bitcoin’s hash rate has recovered significantly since its halving last month — so much so that it’s approaching an all-time high once again.
Hash rate is a solid indication of network health as it equates to total computing power on the BTC network. As expected, it slumped following last month’s halving due to a number of smaller mining outfits powering down their hardware.
Citing data from Coinmetrics, the crypto firm Blockfolio has observed that the BTC hash rate is once again on the up and approaching previous highs.
Bitcoin’s hashrate just surged almost to a new all-time high. Many hashes, such secure, much wow!Different metric providers use different sources to calculate the hash rate, but BitInfoCharts is confirming the resurgence in digital horsepower.
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Martin Young
Martin Young is a seasoned cryptocurrency journalist and editor with over 7 years of experience covering the latest news and trends in the digital asset space. He is passionate about making complex blockchain, fintech, and macroeconomics concepts understandable for mainstream audiences.
Martin has been featured in top finance, technology, and crypto publications including BeInCrypto, CoinTelegraph, NewsBTC, FX Empire, and Asia Times. His articles provide an in-depth analysis of...
Martin Young is a seasoned cryptocurrency journalist and editor with over 7 years of experience covering the latest news and trends in the digital asset space. He is passionate about making complex blockchain, fintech, and macroeconomics concepts understandable for mainstream audiences.
Martin has been featured in top finance, technology, and crypto publications including BeInCrypto, CoinTelegraph, NewsBTC, FX Empire, and Asia Times. His articles provide an in-depth analysis of...
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