Despite the poor market conditions, Bitcoin (BTC) has reached the highest mining hash rate of all time.
Despite the depreciation of cryptocurrencies, mining activities are increasing day by day. Especially with the involvement of companies and countries, crypto mining has taken a different dimension. Although BTC cannot provide price stability in the upward direction, it continues to rise in terms of mining.
Bitcoin Mining Activities Increase Day by Day
Countries with high energy use opportunities, especially Russia, have started to turn to Bitcoin mining. The leader of the crypto market, BTC, reached the highest mining hash rate of all time, 240,208 million TH/s.
BTC Total Hash Rate ValueAccording to the chart shared by Blockchain.com, the BTC hash rate, which represents computing power, broke a record. While BTC started to recover its price, albeit for a short time, in August, hash rate values also increased.
Regardless of Bitcoin price, it continues to attract the attention of miners. In particular, the countries in the eastern bloc started mining activities, revealing the increasing demand. Although records were broken in hash rate values, its reflection on the price has not yet been seen. The biggest reason is the Fed interest rates, which are concentrated on the dollar.
20076
