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Record-breaking increase in Bitcoin hash rate boosts network difficulty

September 19, 2023
in Crypto Exchanges
Reading Time: 1 min read
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Fast Take

Bitcoin’s community witnessed a exceptional occasion on Friday, because the hash charge surged to a peak of over 500 exahashes per second (eh/s) from the day past’s determine of 400 eh/s.

This unusual enhance constitutes the only largest one-day augmentation in hash charge that the Bitcoin community has ever skilled. This upswing in hash charge usually noticed utilizing a 7/14-day Easy Shifting Common (SMA), resulted in a consequential enhance in community issue by over 5%.

This adjustment ranks because the sixth largest inside the present 12 months, signifying a sturdy community setting and probably indicating elevated miner participation.

This important surge in Bitcoin’s hash charge and the next enhance in community issue underscores the dynamic and regularly evolving nature of the cryptocurrency’s underlying expertise. It’s important to maintain monitoring these metrics, as they supply beneficial insights into the general well being and safety of the Bitcoin community.

Hash Rate: (Source: Glassnode)
Hash Price: (Supply: Glassnode)

The submit File-breaking enhance in Bitcoin hash charge boosts community issue appeared first on CryptoSlate.

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Tags: BitcoinBoostsDifficultyhashIncreaseNetworkRateRecordBreaking
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