{"id":391909,"date":"2019-08-01T12:30:21","date_gmt":"2019-08-01T12:30:21","guid":{"rendered":"https:\/\/wncen.com\/?p=391909"},"modified":"2019-08-01T11:44:29","modified_gmt":"2019-08-01T11:44:29","slug":"another-all-time-high-for-bitcoin-hash-rate","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/another-all-time-high-for-bitcoin-hash-rate\/","title":{"rendered":"Another All-Time High For Bitcoin Hash Rate"},"content":{"rendered":"

The Bitcoin network is growing from strength to strength. One measure of this is hash rate which is the equivalent of network horsepower, and this metric has just reached another milestone.<\/p>\n

Bitcoin Network Keeps Cranking<\/h2>\n

Hash rate in simple terms is the speed at which computers on the network operate. For miners, the higher the better, as it increases the chances of completing the mathematical problem to solve the block and collect the resultant block reward.<\/p>\n

This metric measures the number of hashes per second Bitcoin miners are performing on the network. This rate of computing power has been steadily increasing since Bitcoin\u2019s inception and a couple of days ago hit another new milestone of almost 80 EH\/s.<\/p>\n

According to Bitinfocharts.com<\/a> hash rate hit 78.9978 EH\/s on July 29, marking a new all-time high for the network.<\/p>\n

\"bitcoin<\/a>
BTC hash rate – Bitinfocharts.com<\/figcaption><\/figure>\n

During Bitcoin\u2019s price peak in mid-December 2017 the hash rate was only around 15 EH\/s which means the computing power on the network has grown by over 400 percent since then. A higher hash rate also bolsters network security as it becomes harder to carry out a 51% attack. Bitcoin rationalist, Stephen Cole, pointed this out.<\/p>\n

\u201cThe higher the hashrate, the more costly attacks become. Security of the network continues to increase!\u201d<\/p><\/blockquote>\n

\n

Bitcoin's mining hashrate just hit a new all-time high.<\/p>\n

The higher the hashrate, the more costly attacks become. Security of the network continues to increase! \ud83d\udcaa https:\/\/t.co\/CJujjEnc1H<\/a><\/p>\n

— Stephen Cole (@sthenc) July 31, 2019<\/a><\/p><\/blockquote>\n