Bitcoin hash has exceeded 100 EH / s

The total processing power of the Bitcoin network has crossed the line of 100 EH / s. At the time of writing, the indicator is 102.848 EH / s.

Blockchain.com Data

Since December 2018, the hash rate has increased by 230%.

Since mid-June, several new ASIC miners have appeared on the market and, according to some estimates, 600 thousand new devices have connected to the bitcoin network.

For three months, more than 600 thousand new miners connected to the Bitcoin network

The increase in demand led to an increase in the price of bitcoin and the rainy season in southwest China, which will end in October. After that, the miners traditionally moved to the northern provinces, in one of which, Inner Mongolia, the central government of the PRC ordered all farms to be closed in accordance with the national plan to expel the industry.

Many analysts believe that the price follows the hashrate, but on the night of September 19, quotes again fell below $ 10,000.

#bitcoin price and difficulty (hashrate now 100 Exa H / s) pic.twitter.com/17S0tMVRaZ

– PlanB (@ 100trillionUSD) September 19, 2019

Recall that the level of electricity consumption during the mining of the first cryptocurrency has become more efficient.

Subscribe to BlockchainJournal news on Telegram: BlockchainJournal Feed – the entire news feed, BlockchainJournal – the most important news and polls.