Bitcoin Hashrate Has Reached Its All-Time Highs

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16.06.2021 14:16
Bitcoin Hashrate Has Reached Its All-Time Highs

    Bitcoin hashrate is the total calculation power of all mining devices that are connected to the network ⚒.

    While Bitcoin establishes new price highs, mining returns continue to grow. Previously a mined block gave miner 6.25 BTC at $20,000 per each BTC with total return at $125,000. Today, BTC/USD is $62,000, which gives miners $387,500 in total.

    THe number of those who want to mine Bitcoin continues to grow as the return has grown three times.

    More miners = total calculation power growth = hashrate growth = mining difficulty growth.

    Less miners = lower calculation power = lower hashrate = lower mining difficulty.

    Hashrate calculation units:

    👉🏻 1 MH/s = 1,000 kH/s

    👉🏻 1 GH/s = 1,000 MH/s

    👉🏻 1 TH/s = 1,000 GH/s

    The picture shows the dynamics of the total hashrate (TH/s) in the BTC network. The total hash speed increased from May 2020 to April 2021 by 51.2% 📈

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