The post New all-time high for Bitcoin’s hashrate: bull run incoming appeared on BitcoinEthereumNews.com.

During the last week, along with the prices, the Bitcoin hashrate also moved positively upwards, highlighting the positive moment of the crypto. The metric of the computational strength of the crypto network reached new all-time highs today, making it even more impenetrable to cyber attacks. At the same time, the stocks of U.S. mining companies increase in value on the heels of a possible appreciation of Bitcoin. Let’s see all the details below. Bitcoin hashrate at new all-time highs According to the data reported by BitInfoCharts, the hashrate of Bitcoin has reached a new all-time high today. This metric, which identifies the sum of the computing power managed around the cryptographic network, has just reached the record value of 769.8 exahash per second (EH/s). In the last 3 years, the hashrate of Bitcoin has increased significantly, going from 150 exahash per second to the current values. From April 2024 onwards, the parabolic phase had actually weakened, leaving room for market uncertainty. Now, however, it seems that the interest in block space management of the network has returned to accompany the price growth of the criptovaluta itself. The translation request does not include any Italian text to translate. If you have a specific Italian text you would like translated, please provide it, and I will assist you with the translation while keeping the HTML markup intact. The increase in hashrate implies that the Bitcoin blockchain becomes even more resilient to attempts of centralization attacks. On the other hand, it means that the extraction cost of the digital resource has become higher, reflecting the appreciation in the stock market. We remind you that the higher the hashrate, the smaller the share of rewards (block reward+fees) that the miners will have to divide among themselves. It is clear that the more the indicator…

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Filed under: News - @ October 21, 2024 2:22 pm