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Bitcoin hash rate sets a new record
Aug 20, 2019 Forex News
BTC hash rate - the amount of computing power used to mine Bitcoin, continues to break records. On August 19, the hash rate reached 82.5 teraheches per second (TH/s) for the first time in the history of the Bitcoin network.
As the Blockchain.com service says, the previous maximum was recorded in early August, then the amount of computing power exceeded 79 TH/s.
During the spring-summer of 2019, the Bitcoin hash was constantly increasing, sometimes showing significant jerks, which indicates the growing activity of miners.
A network becomes even more secure with each such jerk since as the hash increases, an attack of 51% on the blockchain becomes much more expensive for hackers. At the same time, in the network, confidence is increasing for cryptosphere participants and beginners. Even in November-December 2017, the BTC hash rate was not so high, while Bitcoin was trading around $20,000.
On August 9, one of the supporters of Bitcoin, Max Kaiser, tweeted that the growing BTC hash rate supports the attractiveness of Bitcoin as a financial instrument that continues to take on new heights.
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