Amidst the general downturn in the global financial markets and a consequential collapse of the cryptocurrency market, one thing remained consistent. BTC’s hashrate continued to grow despite tough times in the crypto market., Bitcoin’s hashrate, on 1 October, rallied to a high of 282 MH/s. At press time, the mining hashrate on the network stood at 245 MH/s., noted that the new all-time high could be denoted as 242 Exahash per second. For context, “this is equivalent to all 7.
A look at Bitcoin’s Mining Pulse revealed that there was a severe decline in mining activity on the network that spanned between the end of May and early August.
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