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    Home ยป Bitcoin hashrate has risen to a record high, increasing the complexity of mining

    Bitcoin hashrate has risen to a record high, increasing the complexity of mining

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    By BlockchainJournal on June 1, 2019 News
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    Over the past 24 hours, the complexity of Bitcoin mining has grown to a new maximum. Thus, the previous record figure recorded in October 2018 was overcome.

    According to analysts, the increase in the complexity of mining signals a soon positive price change in the cryptocurrency market. The complexity of bitcoin mining rose by 11.26% to 7.46 T. Prior to this, the peak figure was recorded on October 4 last year at 7.45 T, and then it began to fall again.

    Based on data from the BTC.com pool, analysts predict that within the next two weeks, the complexity of mining will increase by almost 10% to 8.18 T. The bitcoin Heschrate should also reach a new record in the near future.

    Activation of miners proves the fact that the Bitcoin network currently demonstrates maximum security. The hashrate jump coincided with the main cryptocurrency rally, which we saw in the first half of this week.

    However, already in the second half of the week, the bitcoin rate sank significantly, while the hashrate is still high. On the morning of Saturday, June 1, the BTC rate is $ 8560, although only last Thursday the coin briefly punched a $ 9000 shock mark .

    Publication date 01/06/2019
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