Bitcoin network reaches unprecedented 400 th/s amid global energy concerns

2023-8-28 13:00

Quick Take

The Bitcoin network has witnessed a significant milestone, with its hash rate peaking at 400 terahashes per second (th/s), a first in its history. This development is particularly noteworthy considering the ongoing energy crises in Texas and escalating electricity prices globally.

The growth pattern closely mirrors the events preceding the 2020 halving, where a similar hash rate surge was observed. This impressive performance may indicate a ‘miner bull run,’ a phenomenon observed when miners increase their computational power to secure more rewards before halving events, which traditionally reduce block rewards by half.

The resilience of Bitcoin’s computational power amidst global energy concerns signals not just the robustness of the network but also potentially magnifies the need for sustainable energy solutions in cryptocurrency mining, given its heavy reliance on electrical power.

Hash Rate: (Source: Glassnode)

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Источник: cryptoslate.com

energy bitcoin → Результатов: 126


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2018-8-21 16:43


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Bitcoin Energy Consumption Could Drive Innovation, Says Research Associate

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2018-8-21 04:14


Research Associate: Conversations Around Bitcoin and Energy Have Been Oversimplified

In the almost decade long existence of Bitcoin, the network has repeatedly come under fire for the large amount of electricity required to secure it. However, one researcher believes that the current discussion on energy use is largely redundant since it doesn’t take into account how the electricity itself is sourced or how technology evolves.

2018-8-20 22:30


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South Korea Blockchain Industry Blooming – Swytch Announces Partnership to Expand Possibilities for Renewable Energies

South Korean city Chuncheon has joined with Swytch in a partnership to expand and accelerate the city’s use of renewable energy. In a move that mirrors other government investments in the blockchain, the agreement between the city and Swytch will see the two organizations examining how to use Swytch technology to make more citizens benefit […] South Korea Blockchain Industry Blooming – Swytch Announces Partnership to Expand Possibilities for Renewable Energies was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

2018-8-20 13:59


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