Bitcoin (BTC) Hash Rate Skyrockets, Targets New All-Time High

2020-6-7 17:47

While Bitcoin?s difficulty is close to its 2019 levels, the hash rate of the flagship blockchain spiked. Why is this meaningful?

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What is the Bitcoin hash rate? And why is at all-time highs?

Key Takeaways The Bitcoin hash rate is the amount of computing power contributed towards mining It has continued to take new all-time highs This squeezes miners’ profitability, at a time when electricity costs have risen and the Bitcoin price has fallen Overall, a high hash rate implies a healthy and more secure Bitcoin network   […] The post What is the Bitcoin hash rate? And why is at all-time highs? appeared first on CoinJournal.

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