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Bitcoin mining has reached an all-time high

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Bitcoin Mining Has Reached an All-Time High

Bitcoin mining has reached an all-time high

Bitcoin mining has reached an all-time high
CONTENT

  • Bitcoin Mining Difficulty Set New High, Breaking July Record

  • The previous record was recorded on July 28 this year at 127 million terahashes

  • The growth is taking place against the backdrop of a recent hash rate record and an influx of new miners

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The last time the maximum difficulty of mining the largest cryptocurrency by market capitalization was set in July this year

Bitcoin mining has reached an all-time high

On Monday, August 24, at 3:00 p.m. Moscow time, the Bitcoin mining difficulty indicator set a new high as a result of a recalculation of 17.55 trillion hashes.

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According to the mining difficulty graph, the maximum was last set on July 27 at 17.34 trillion hashes.

Source: coinwarz.com

The recalculation of the difficulty of Bitcoin mining is carried out automatically by the network itself every 2016 blocks (approximately once every two weeks) to save the mining of a block on average once every 10 minutes.

The historical maximum of the difficulty of Bitcoin mining occurs just a week after the record hash rate of the network.

Bitcoin mining has reached an all-time high

So, on August 15, the hash rate of the Bitcoin blockchain reached an all-time high of 129 million terahashes per second..

The previous record was recorded on July 28 this year at 127 million terahashes.

Miners went on the attack

The rise in activity indicators within the Bitcoin blockchain network is likely due to the increase in the number of large mining centers.

Earlier, for example, Marathon, listed on the American stock exchange Nasdaq, announced the purchase of 10,500 Antminer S-19 Pro ASIC Miners mining machines for an estimated amount of over $ 18.7 million..

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However, the growth of the bitcoin mining difficulty indicator had almost no effect on the price of the cryptocurrency itself, which seems to have formed a “shooting star” pattern on the weekly chart.

Taking into account the scale of the downward movement, the correction should be completed in the next couple of days.

Earlier, the editors of BeInCrypto published the results of a study by mining analyst Sergio Dermein Lerner, according to which all bitcoins belonging to Satoshi NakamotoIn 2009, someone (one person or a group of developers), hiding under the pseudonym Satoshi Nakamoto, revolutionized the digital … More (1.1 million BTC / almost 13 billion at the current exchange rate), with a high degree of probability were mined with just one computer.

Bitcoin mining has reached an all-time high

At the time of this writing, the price of BTC / USDT is $ 11,778.

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