Although the price of Bitcoin is hovering around the 50,000 dollar mark, the mining scenario looks stronger than ever before. According to the data from last week, the Bitcoin network broke all its previous records of hashrate, reaching an all-time high of 194.95 exahash per second.
While mining Bitcoin has become 8.33% more difficult since December 11, miners have increased their processing power via a great margin. More than that, hashrate of bitcoin has also seen big records on two occasions this year when SHA256 hash power grew up exponentially.
Previously, when the price of Bitcoin touched the $64,000 mark, the network’s hash rate touched 191.42 exahash per second. As of now, Bitcoin prices have fallen down at around 26% then. In spite of this, the network’s hash rate skyrocketed to a new all-time high of 194.95 exahash per second last week.
Bitcoin Hashrate reaches an all-time high
For the latest tech news and reviews, follow us on Twitter, Facebook, and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel.