Bitcoin’s Hash Rate Sets Record 8 Days Before Halving

Bitcoin is looking like Rocky Balboa training and ready for his rematch with Clubber Lang as we near the halving, ready to take on all comers and claim its throne

Bitcoin Hash Rate Tag Hits New Record 8 Days From Halving

“With Bitcoin’s third halving event roughly three weeks away, the BTC mining hash rate is against pushing into record highs.

BTC hashing power crashed 40% in two weeks after setting its previous ATH on March 8, dropping from 123 EX/s to just 75 EX/s.

However, with prices rebonding, the following six weeks saw hash rate gain 90% — with analysts speculating that a combination of rising crypto prices and the impending obcelense of many older ASICs amid the halving have contributed to hash power nearly doubling in less than two months.”

https://cointelegraph.com/news/bitcoin-hash-rate-tag-hits-new-record-8-days-from-halving

Master Asked on May 3, 2020 in Bitcoin.
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