Bitcoin Mining Hashrate Is Now 152B GH/s
As pointed out by a CryptoQuant post, the mining hashrate of the cryptocurrency continues to recover from the crash. Currently, the metric’s value stands around 152B GH/s.
Since Bitcoin uses the Proof-of-Work (PoW) mechanism to reach consensus, validating nodes require a lot of computing power to participate in the network. The mining hashrate shows the total amount of this computing power present in the entire BTC network.
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The indicator helps assess the strength of the network. More the value of the metric, higher the security, and thus harder it is for there to be a possibility of malicious attacks.
Now, here is a chart showing the trend in the value of Bitcoin mining hashrate over the past year:
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