Crypto:
32374
Bitcoin:
$98.625
% 0.05
BTC Dominance:
%59.5
% 0.26
Market Cap:
$3.30 T
% 1.49
Fear & Greed:
94 / 100
Bitcoin:
$ 98.625
BTC Dominance:
% 59.5
Market Cap:
$3.30 T

Bitcoin Hash Rate Sets Record High

Bitcoin Hash Rate

Bitcoin’s security is getting a boost as the network’s hash rate, a measure of computing power dedicated to mining, reaches an all-time high. The 14-day moving average hash rate has now surpassed 586 exahashes per second (EH/s), solidifying the digital asset’s security.

While a one-day peak of 711 EH/s was recorded on March 7th, the 14-day average provides a more reliable picture by smoothing out short-term fluctuations. This significant increase in hash rate points towards a predicted difficulty adjustment exceeding 3% in the coming epoch change on March 14th, according to Newhedge.

Bitcoin Hash Rate Percent Change: (Source: Glassnode)
Bitcoin Hash Rate Percent Change: (Source: Glassnode)

Bitcoin‘s core design prioritizes a consistent block time of roughly 10 minutes. This difficulty adjustment directly impacts the estimated timing of the next Bitcoin halving event. Based on the Clarkmoody dashboard, maintaining the ten-minute average block time could see the halving occur around April 21st.

In the comment section, you can freely share your comments and  opinions about the topic. Additionally, don’ t forget to follow us on TelegramYouTube, and Twitter for the latest news and updates.

Rate this post
READ:  Astar Network Founder Sota Watanabe Announces Major Updates!

Leave a Reply

Your email address will not be published. Required fields are marked *