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    Home ยป Bitcoin set new maximums in network hashrate and number of transactions

    Bitcoin set new maximums in network hashrate and number of transactions

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    By BlockchainJournal on May 5, 2019 News
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    Earlier this week, Bitcoin (BTC) showed a significant increase, rising to the level of $ 6000. Heshrayt cryptocurrency also showed significant growth.

    According to Blockchain.com, a six-month high of 58.11 million TH / s was registered.

    On August 27, 2018, the bitcoin hash rate increased to a record level of 61.8 thousand TH / s, after which, four months later, the computing power of network validation fell to 37.8 thousand TH / s. According to the above schedule, the hash rate gained momentum, gradually increasing over the past six months.

    It is assumed that it rose sharply after the April upward impulse of the BTC. A high hashrate rate implies an increase in mining complexity, as reflected below.

    In addition to the hashrate, the Bitcoin network reached a 15-month high, completing 452,616 confirmed transactions as of May 2, 2019. A similar amount was noted in December 2017, when the number of transactions almost reached 500,000.

    Despite the short-term decline caused by the scandal around Tether-Bitfinex, Bitcoin exceeded the market capitalization of $ 100 billion, pulling the entire cryptocurrency market up.

    Publication date 05/05/2019
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