The hash rate, which protects the Bitcoin network, has reached unprecedented levels since November 2018.
Bitcoin hash rate may have hit bottom
According to the data on Blockchain.com, the Bitcoin hash rate of 19 seconds was over 52 million.
Hash rate shows the performance of the miners that make the network safe. Simply put, as the hash rate increases, the number of resources required for a successful Bitcoin attack is increasing.
The increase in Hash also means new miners are joining the network. The new miners have found it easier to move their equipment to the online platform, as the mining difficulties have remained the same for almost a month.
Although the power of hash increases, the difficulty, the balancing force, will increase in the coming days.
Does optimism turn out in the markets?
It can be said that the 50,000,000 TH / s seen at the beginning of February and the recent increase in the hash trend in the decline.
As a result, network security has reached its four-month high since November 2018. Also, the all-time record of August 2018 is about to exceed 62,000,000 TH / s.
The Hash rate is also an important measure to measure the sensitivity of miners in the Bitcoin network. Miners need to rely on the network to allocate capital to transactions in the future.
The Casa CTO söylsu Jameson Lopp, for example, says they are influencing the future price of bitcoin. Therefore, it is possible for miners to return to BTC at the time the BTC price has risen for four weeks.
Or Hash rate follows the price, “he says. Için Some say it follows the price hash rate, which is probably because the hash rate follows the speculative prices, not the direct price. The miners are also speculative! Mad
Mining ”spiral of death“ canceled
The recovery of Hash rates can also eliminate fear of the death spiral that has been going on since last year.
While prices fell during 2018, low-efficiency miners stopped working to avoid any loss, which reduced the hash rate. However, the difficulty adjustment of Bitcoin (late) allowed other miners to profit.
Matt Odell, an entrepreneur who criticized the news about the spiral of death, said in November:
In This is the beauty of the difficulty. The withdrawn miners increase the profitability of the rest. Geri
However, now more and more miners come to increase the rate of hash. This shows that they are already in profit and that the market will develop further in the future.
It is worth noting that the bitcoin hash rate today is four times the rate in December 2017 when bitcoin broke the price record. Although the famous Bitcoin advocates, such as Max Keizer, say that the hash power in Bitcoin has risen in proportion to the prices, we will all see how it will affect the real life.
Let us know about the latest developments twitter'in follow, Facebook like our page and Telegram Join our channel!
The post Bitcoin Hash Ratio At the Top of Last Months, And How Are Prices Affected? appeared first on Kriptokoin.com.