Bitcoin computing power soars to new record » Crypto Insiders

the Bitcoin (BTC) Hash rate He made a remarkable leap yesterday. Within 24 hours, the hash rate, also known as computing power, increased by 31%. This is evident from the data received from Ycharts.

Bitcoin computing power continues to rise steadily

Yesterday’s Ycharts chart is showing a surprising upside. The computing power of the Bitcoin network has been on the rise for some time now, but yesterday’s jump was much faster than the uptrend that is already there.

With this, the Bitcoin hash rate reaches a new level High All Time (ATH) 248.11 million terahachas per second (TH/s). The hash rate is the speed with which it is done Bitcoin miners Create hash codes. The higher this speed, the more secure the network.

Some caveats of the Bitcoin hash rate

While it is, of course, good news that the computing power of the network has never been so great, there are some caveats to the above data. Computing power is not a given that can be clearly observed. Thus, the computing power that can be seen on different websites is usually discretionary.

The same goes for Blockchain.com for example I haven’t yet seen that a new ATH has been accessed. Regardless, these are apparently positive signs that the Bitcoin network has continued to grow since the past few months.

Bitcoin fully recovers from China hit

The chart above shows how the hash rate on May 9, 2021 began to decline. This was the result of the mining ban imposed by China at the time. This ultimately caused the network to take a major hit with a drop of 58.46 million TH/s on June 27, 2021.

It was mainly American miners who filled the void. Computing power has recovered and managed to reach pre-mining levels in China early this year. However, in the United States, the mining sector can count on a large amount of cash in terms of its energy consumption. Recently, a large American miner responded by shooting With an interesting report.