Altcoin News: Bitcoin Hash Rate Exceeded 80 Quintillion Hashes per Second
August 8, 2019, by Marko Vidrih on ALTCOIN MAGAZINE
The computing power of the Bitcoin network reached a new record high this Thursday.
According to the BitInfoCharts portal, the leading cryptocurrency hash rate for the first time in history exceeded the value of 80 quintillion SHA256 hashes per second.
Earlier this year, records related to the computing capabilities of Bitcoin were recorded repeatedly, and not only in the context of an absolute hash rate, but also the complexity of mining. So, on Monday, as a result of the next recount, the mining complexity approached 10 trillion hashes, increasing by 10.78% compared to the previous period.
If we compare the Bitcoin hash rate with alternative cryptocurrencies, whose supporters are trying to claim the title of “digital gold”, an even more curious picture emerges. So, the hash rate of Bitcoin Cash is 40 times behind Bitcoin, and Bitcoin SV is almost 80 times behind.
The value of the hash rate, in this case, is an indicator of the network’s security against the actions of intruders who might want to rewrite the transaction history, having captured most of the computing power.
Bitcoin at the time of publication continues to trade at $11,865, rising by 0.58% in 24 hours.
Author: Marko Vidrih
Images credit: BitInfoCharts
