What is Bitcoin hash rate and why does it matter?
Cryptocurrency’s hash rate measures a blockchain network’s processing power to process transactions.
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Cryptocurrency’s hash rate measures a blockchain network’s processing power to process transactions.
The overall security of the Bitcoin protocol, or hashrate, hit a new high of 158 exahash per second despite the price being down over 50% year to date.
Bitcoin has plenty of obstacles to weather in the current macro storm as two-year weekly close lows remain inches away.
In a recent Twitter Space, Capriole Fund founder Charles Edwards told Cointelegraph that BTC could go lower, but currently reflects “incredible deep value” based on multiple price metrics.
A bullish weekly close sees Bitcoin tackle realized price while analysts speculate on major volatility in the coming days.
Bitcoin difficulty completes its largest single upward readjustment since January, with average hash rate eyeing new all-time highs of its own.
Bitcoin network fundamentals seem not to care about spot price weakness, with both difficulty and hash rate making an impressive recovery.
This bear market is proving to be especially tough for Bitcoin miners, but Canaan senior vice president Edward Lu says the industry is “evolving toward a positive long term.”
Miners are a glimmer of hope in a barren Bitcoin landscape this week ahead of a key Federal Reserve event in Jackson Hole.
After terminating mining operations in Russia's mining-rich region of Siberia in February, SBI still continues running some mining activity in the country.