Statistics published by IntoTheBlock confirm the increase in BTC hash rate by 36% after less than a month. Since May 17, the Bitcoin network reached high values for first time in these days and yesterday achieved 110.64m Th / s.
The highest hash rate were recorded on June 6, in value 133.43m TH / s
The last time we were at similar values was before the long-awaited Halving (on May 10 of 2020).
Even according to this information, it looks like BTC is getting back track and miners are working efficiently.
What is hash rate?
Mining hashrate is a key security metric. The more hashing (computing) power in the network, the greater its security and its overall resistance to attack. Although Bitcoin’s exact hashing power is unknown, it is possible to estimate it from the number of blocks being mined and the current block difficulty.
Read also: Bitcoin and the endless game of magical $ 10K price area
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