Record break again hash rate; The Bitcoin network is getting stronger day by day



The hashrate of the bitcoin network reached its highest level in history yesterday. Experts believe that the increase in the hash rate is beneficial for bitcoin in terms of security, but the continuation of this growth depends on the price situation of this digital currency.

According to the Quinn Telegraph, the hashtag of the bitcoin network reached a new record of 248.11 million per second on February 12 (February 13). With the growing activity of bitcoin miners around the world, the security of the decentralized ecosystem of this digital currency is increasing.

Hashit is the processing power that miners use to approve transactions and retrieve new network blocks. The recent increase in the hashtags of the bitcoin network increases the security of this blockchain against possible attacks; Because in this case, the work of people who want to disrupt the network and want to create fraudulent transactions will somehow be more difficult than before.

Record break again hash rate;  The Bitcoin network is getting stronger day by day
The hashrate of the bitcoin network has changed in the last year

As you can see in the image above, the hash rate of the bitcoin network has increased by 31% in just one day, from 188.40 exacerbations per second to 248.11 exacerbations per second. The hash rate of the bitcoin network has increased by 54.33% in the last year.

Record break again hash rate;  The Bitcoin network is getting stronger day by day
The hashrate of the bitcoin network has changed in the last month

In early 2021, a ban on the extraction and trading of digital currencies in China affected the entire industry. On the other hand, there were concerns about the security of the bitcoin network; Because until June 2021 (June) 34.25% of the total hash rate of the bitcoin network belonged to this country.

When miners finally sought refuge in digital currency countries, the bitcoin network improved dramatically and the hashrate finally broke its previous record.

Record break again hash rate;  The Bitcoin network is getting stronger day by day
Changes in the share of different countries in the hashrate of the bitcoin network

Currently, 35.4% of the global bitcoin hash is related to US-based miners, and it is one of the countries with the largest bitcoin mining.

A January survey found that mining activists expect the hash rate of bitcoin to continue to rise in the coming months. Although investors are now afraid of fluctuations in bitcoin prices, experts in the digital currency industry believe that the strength and security of the bitcoin network is greater than ever.

Michael Levitt, co-founder and CEO of Core Scientific, confidently predicts that the hashtags of the bitcoin network will continue to grow rapidly. However, he also points out that the growth of the hashrate depends on the increase in the price of bitcoin and the success of the developing infrastructure.

The hashrate of the following record again; Bitcoin network is getting stronger day by day, appeared for the first time in the digital currency.

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