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Cryptocurrency Ecosystem => Bitcoin Forum => Bitcoin Mining => Topic started by: RSRS on August 25, 2021, 10:24:05 AM

Title: Bitcoin Mining Hashrate Triples In Two Months, Difficulty To Rise 12% Soon
Post by: RSRS on August 25, 2021, 10:24:05 AM

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.

Related Reading | Ethereum Miners Can Now Use 70% Of Nvidia RTX 30 GPU Hashrate, Thanks To This NBMiner Update

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:

More Information (https://cryptonews.net/en/news/mining/1549799/)

Title: Re: Bitcoin Mining Hashrate Triples In Two Months, Difficulty To Rise 12% Soon
Post by: hugo_uzman on August 29, 2021, 08:13:09 AM

what is the impact when difficulty mining drops to at least 20%? does it price also correlate to mining difficulties ?