Bitcoin hash rate rises 30% in one day and hits new record
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Answer Bitcoin hash rate rises 30% in one day and hits new record
Despite the ongoing geopolitical uncertainty and economic turmoil around the world, the prices of cryptocurrencies in general have fallen.
However, the Bitcoin network continues to grow and gain strength.
After the recent rally, the hash rate reached an all-time high.
Needless to say, there is a lot of economic turmoil and geopolitical uncertainty especially in light of the heightened international tension surrounding the relationship between Ukraine and Russia.
Meanwhile, market participants are eagerly anticipating a hint or decision regarding interest rates as inflation numbers continue to rise.
Earlier this week, the US Consumer Price Index came in at 7.5%, beating all expectations.
Read:Bitcoin price dips after touching $12,500 level
Amid all this, the Bitcoin network is getting stronger.
reveal data from BlockchainCom That from February 11 to February 12, the hash rate increased by as much as 31%.
The estimated number of tremors per second performed by the Bitcoin network in the last 24 hours is currently 248.11 million per second, a high value that has never been reached before.
It should be noted that these values are variable, as the seven-day average is not an all-time high, although the 30-day average is the highest.
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