Altcoin News: Bitcoin Hash Rate Is 8 Times Higher Than the Values ​​Observed at the Price Maximum in 2017

July 22, 2019, by Marko Vidrih on ALTCOIN MAGAZINE

The Bitcoin network is currently using more computing resources than ever before to ensure its security.

According to the Blockchain.com, the next historical maximum in terms of the hash rate in the Bitcoin blockchain was recorded on July 20 above the

79 EH / s mark.

Credit: Blockchain.com

This record has become another for the last few weeks. Thus, on June 21, a maximum of 65 EH / s was recorded, and on July 1–70 EH / s.

After reaching a record mark on Saturday, the value decreased on Sunday — the last day for which statistics are available — and amounted to 67.1 EH / s. Thus, the hash rate constantly fluctuates, while maintaining an uptrend.

In other words, the Bitcoin network has now almost 8 times more computing resources than at the price peak of about $20,000 at the end of 2017. Then the hash rate was 10–15 EH / s.

Author: Marko Vidrih