Bitcoin's Hashrate for speculation? This is the height of it, I never believed that anyone could link the two together. My advice for you is that you should wake up if you want to benefit from trading and investment through Bitcoin, just learn the technical and economic approaches, they would do you a whole lot of good.
Bitcoin's Hashrate will only help elsewhere, especially in the computation to detect the blockchain's mining difficulty and security.
Topic: Bitcoin hash rate surges 17% to touch ATH before falling back. (Read 67 times)
Bitcoin’s (BTC) hash rate surged 17% to an all-time high of 361.28EH/s on Jan. 6 from around 233 EH/s recorded on the same day — the second biggest one-day increase in the past year.
It has since retraced to 269.56 EH/s, as of press time.
It has since retraced to 269.56 EH/s, as of press time.
Daily hashrate estimates are meaningless!It's not just me, it's hundreds of people who have said this, and still, we have the same speculation about what happens in a two-day interval that ussualy means zero!
To understand simply why this thing is meaningless, you can take a look at what websites say about the daily hashrate:
Blockchain 267exahash on 6th , 270exa on the 7th
Bitinfocharts 268exahash on the 6th, 302exahash on the 7th
It all depends on your start counting the day, if you are unlucky and there is a large time gap between blocks right in that interval your daily count in Australia will end up 20% lower than the daily count for the same day in UK or 30% up if you're lucky.
MacroMicro also suggested that the average cost of mining BTC was greater than the asset’s spot price.
Yeah, the average cost of mining BTC, the press still keeps on doubling down on this estimate like it would mean something.
For the average to be at 19k it would mean in order to compensate large farms that are mining are 3-5 kwh range you would have to have thousands of small miners mining at a loss at 20cents/kwh and actually have one huge of a pie in the global hash rate!
Bitcoin’s (BTC) hash rate surged 17% to an all-time high of 361.28EH/s on Jan. 6 from around 233 EH/s recorded on the same day — the second biggest one-day increase in the past year.
It has since retraced to 269.56 EH/s, as of press time.
Over the past week, data shows that Foundry USA contributed 29.08% of the total hashrate, followed by Antpool’s 20.38% and F2Pool with 16.12%.
MacroMicro also suggested that the average cost of mining BTC was greater than the asset’s spot price. According to the data, BTC’s average mining cost as of Jan. 7 was $19,230.
Since BTC’s hash rate Christmas decline, the network has added 50th/s. During the festive period, the hash rate plunged by around 40% amid poor weather conditions that forced major miners to shut operations.
Meanwhile, BTC’s hash rate uptick is expected to lead to a 7% to 10% increase in mining difficulty.
BTC’s mining difficulty is currently at 34.09T. The estimated increase will see the mining difficulty rise to between 36.6T and 37.7T, according to bitrawr.
source
It has since retraced to 269.56 EH/s, as of press time.
Over the past week, data shows that Foundry USA contributed 29.08% of the total hashrate, followed by Antpool’s 20.38% and F2Pool with 16.12%.
MacroMicro also suggested that the average cost of mining BTC was greater than the asset’s spot price. According to the data, BTC’s average mining cost as of Jan. 7 was $19,230.
Since BTC’s hash rate Christmas decline, the network has added 50th/s. During the festive period, the hash rate plunged by around 40% amid poor weather conditions that forced major miners to shut operations.
Meanwhile, BTC’s hash rate uptick is expected to lead to a 7% to 10% increase in mining difficulty.
BTC’s mining difficulty is currently at 34.09T. The estimated increase will see the mining difficulty rise to between 36.6T and 37.7T, according to bitrawr.
source
Jump to: