Bitcoin’s Hashrate Reaches Historic Milestone of 100 EH/s

Libra Coin News
Mon, 09/16/2019 - 13:01
Alex Dovbnya
Bitcoin’s hashrate has blasted through the 100 EH/s mark for the first time
Cover image via www.123rf.com

Bitcoin’s hashrate, the number of hash operations that are performed in a particular amount of time, has reached a mind-blowing number of 100 EH/s.

The spike in BTC’s hashrate goes hand in hand with mining difficulty, which automatically adjusts itself every 14 days.

Related
Litecoin Founder Charlie Lee: LTC Can Handle Sudden Hashrate Decrease Much Better than Bitcoin

As reported by U.Today, more than 600,000 new ASIC miners have entered the market since mid-June. They injected plenty of fresh hashing power into the Bitcoin network.

That’s a world of difference compared to the peak of the crypto winter that took place in December when myriad miners had no other choice but close down shop due to tanking BTC prices.

While the hashrate keeps registering new highs, there is a growing debate about whether it could serve as a precursor to Bitcoin’s future price action. 

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.


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