January 17, 2022

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Bitcoin (BTC) hash rate has reached an all-time high

Bitcoin (BTC) hash rate has reached an all-time high

computing power in the network Bitcoin It has increased by an astonishing amount due to the geographical relocation of miners and new mining equipment. Mining.

The new year caused an explosion Hash rate Bitcoin. as data from Glassnode, and Hash rate Global now is 208 million you smash per second. as Blockchain.com, the previous all-time high of 198.5 million you smash per second if Arrive April 15 2021.

fountain: glass

This indicates that Bitcoin has survived the decline Hash rate Corresponding to the Chinese multi-stage campaign on Cryptocurrency In 2021. According to BitfioriMost of the recovery is due to the “commissioning of new generation equipment online,” not the transfer of equipment from China, which would have been too inefficient to operate in other countries.

the Hash rate BTC Takes a Hit from Chinese Repression

In April 2021, Officials Beijing began to analyze the use of energy from local miners, and send notifications to data centers to gather more information about cryptocurrency mining. In May 2021, China banned banks from providing Bitcoin services and began a systematic crackdown on mining activities.

This caused Hash rate It has fallen steadily, reaching a record low on July 21, 2021 at 58.4 million you smash/ s. This corresponds to a drop in price to $29.79 thousand. Prior to that, on April 15, 2021, the $62,000 price hike coincided with a rise Hash rate my world.

However, Jason Zalowsky of Toronto-based Hut 8 Mining Corp said: “China just banned mining and it caused a geographic shift…we’re seeing this [movimiento] towards other countries, including Canada and the United States, as a net positive result.” He was not wrong, as US companies became beneficiaries of displaced Chinese miners looking for a mining haven. Other countries also saw new miners due to their lower cost Electricity.

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Why is segmentation important?

the Hash rate I know Indicates To the amount of computing power contributed by the Bitcoin network. When a transaction is verified, it is recorded in blockchain as part of the cluster. Implementation fragmentation Ensures that transactions are valid.

To receive BTC, a miner mustRetail“Successfully in the header of the block, which contains a redacted version of the transaction data included. Chances of finding Retail It becomes more complex as more coins are extracted; so Hash rate Higher computing power (which increases computing power) improves the probability of a miner getting a bitcoin reward.

mathematical calculations Hash rate Not accurate, and as a result, it is best to focus on longer periods of time, such as weeks or months, when assessing Hash rate. the Indicator It plays an important role in determining Safety from the network. The more miners on the network intend to mine BTC, the more secure the network becomes.

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