Crypto Blog
The Bitcoin hash rate, a key indicator of the network’s security and efficiency, jumped to an all-time high level of 791.62 million TH/s, according to Ycharts.from Ycharts shows that Bitcoin experienced a dramatic rise in its hash rate, with fluctuations between 574 million and 742 million in early October. The activity served as a precursor to the cryptocurrency finally going past the 791 million level, where it remains largely unchanged for the second day running.
They attributed this rise to the efficiency and funding advantages of the public operators, which has allowed them to withstand market fluctuations and increase their mining activities. The network is on the brink of its next difficulty adjustment, expected to occur on October 22, and is projected to raise the difficulty by at least 4.17% to 95.88 trillion.
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