Is Bitcoin Hash Rate Too High?

Is Bitcoin Hash Rate Too High?


Miners present a final line of protection for securing the Bitcoin community in opposition to brute-force assaults from malicious actors who would possibly accumulate a majority of SHA-256 hash fee. The extra hashing energy is spent discovering new blocks for the longest Bitcoin chain, the safer the funds on the trillion-dollar community shall be. Regardless of a considerably depressed bitcoin worth, nonetheless, which is at the moment sitting greater than 50% under its newest all-time excessive, the community’s hash fee continues rising and has set new report highs multiple times this yr. In reality, hash fee may be the one bitcoin chart nonetheless going up and to the correct within the present market section.



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