Bitcoin mining rates, which hit bottom with China’s ban on cryptocurrencies last year, broke an all-time record at the end of this week. Moreover, he accomplished this in just one day.
Bitcoin mining rate breaks a record
As the statistics defined as Bitcoin mining rate or processor power increase, the difficulty level of the network increases. As a result, mining devices also need to increase their power. This makes it easier to block malicious spots that approve fake transfers.
According to the data obtained, the excavation rate, which was 188.4 EH/s on Friday, increased by 31.69 percent on Saturday to 248.11 EH/s. Compared to the same period last year, an increase of 54.33% was achieved.
Last year, China had a 34.25 percent share of the mining network, but after the bans, the US took the lead with a 35.4 percent share. It is stated that this share may rise to the level of 60 percent with the increasing pressure on miners in Kazakhstan. This will further increase the excavation rate.
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