Altcoin News: Bitcoin Hashrate Is Moving at 90 Trillion h/s
The power of the Bitcoin network has continued to increase in the past week as the so-called hash rate of the blockchain has increased another 25%.
As the data from Blockchain.com show, bitcoin’s hashrate on September 3 hit 87 trillion hashes per second (h/s).
Already in the past months, the hashrate reached a new record almost daily, whereupon at the beginning of August, the mark of 80 trillion h s could be cracked for the first time.
The hashrate is a measure of the available computing power of the Bitcoin network, the higher the value, the higher the available computing power. Also, having a high hashrate means that it becomes more difficult to attack the network, as the load spreads across many shoulders, which in turn increases security.
Furthermore, can be read on the Hashrate that the crypto-miners invest more and more computing power to “mine” Bitcoin, which suggests that they must be convinced of an increase in the value of the market-leading cryptocurrency, otherwise would not be worth the increased effort,
Some experts assume that the hashrate will continue to rise in the near future, which could also have a positive effect on the further development of the BTC price.
Author: Marko Vidrih