09/07/19 17:00 UTC±0

BTC hash rate reached a new record high

BTC hashing
BTC hashing

The hashHash
(hashing) – a cryptographic term that means changing the input data of different sizes into the original data of a clearly defined size, using a special mathematical algorithm.Details
rate in the Bitcoin network has recently reached a record high. On July 5, the total hash rate was 74.5 thousand TH/s, – According to blockchainBlockchain
is a continuous and sequential block chain of information (digital linked list). When building a blockchain, copies of related blocks are simultaneously stored on multiple computers." rel="nofollow" target="_blank">


BTC hash rate

The new record level of hashing is the second in many weeks, with the previous level being set at 68.6 TH/s on June 28th.

To date, the level has dropped to 70.2 TH/s.

The hash rate is a measure of the total number of calculations performed by network equipment. This gives miners an indication of how likely the success of their work, the transactionTransaction
– is a financial term that means a logically meaningful operation that can only be carried out completely. Details
fee and the BTC reward are. A high hash rate also means that the network is less prone to attacks.

Today the network receives more resources for miningMining
– is a type of activity for creating new blocks in the Blockchain to ensure proper system operation. Details
, and the profit from it is growing. It is unclear whether this is related to the profit from the mining itself or to the increase in the value of the BTC assets, but the BTC Bitmain, Chinese mining company, resumed plans for its long-awaited IPO, which was thought to have been permanently canceled.

A new record maximum of BTC hashing has been fixed. Recall that this morning, July 9th, the first cryptocurrency began to grow in price again. The cost of Bitcoin rose by more than 10% in the last 24 hours, yesterday BTC growth was about 11%.

What is mining? More on our site.

Editor: Yuliya Soroka

See also: "Chinese miners use cheap Iranian electricity"

#rate #hashing BTC #record #mining



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Fiat money, funds