Bitcoin (BTC) Holds onto Mining Crown, Hashrate Sets New Record By Cryptovest


Bitcoin (BTC) Holds onto Mining Crown, Hashrate Sets New Record

(BTC) saw mining rates hit a record of over 55 million TH/s, later retreating but still standing high at 52 million TH/s. The climb to peak rates follows a dip in mining, which took away around 20% of hashing power, albeit temporarily.

The hashrate for the Bitcoin network has been growing regardless of the sliding price, which fell once again toward the $6,300 level. Some of the reasons include new shipments of the Antminer rigs, which are now more efficient and have a higher hashrate. The curious thing is that despite the impressive hashrate increases, the energy use of Bitcoin has leveled out, as seen on the specialized index.

The rush to mine Bitcoin also underlines the fact that it is hard to find quality coins to mine. Mining for altcoins has declined, including Scrypt mining for , which has lost 30% of its hashing power in the past three months.

Mining for leading …

This article appeared first on Cryptovest

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





Source link

Comments (No)

Leave a Reply