Despite the sudden price correction, bitcoin’s fundamentals continue to reach new highs. The asset’s hash rate has recovered its recent declines and marked a new ATH. Accordingly, the network’s mining difficulty saw its most significant increase in nearly seven years to a new record level as well.
Hash Rate and Mining Difficulty to New Records
Bitcoin’s hash rate is the measuring unit of the processing power on the asset’s blockchain. The general rule of thumb suggests that when there’re more miners who put their computational devices to work on the network, the metric increases, and vice-versa. Naturally, the higher the hash rate is, the more secure and robust the network is.
Overall, the hash rate has been increasing gradually in the past few years with a few brief dips, primarily caused by miners from China. The latest one came in mid-April when reports informed about massive power outages in Xinjiang province – one of the dominant regions for BTC mining operations.
Ac
Źródło: https://cryptopotato.com/despite-the-correction-bitcoins-hash-rate-and-mining-difficulty-at-ath/
