On May 29, Luxor Technology’s HashRateIndex reported that Bitcoin’s seven-day hashrate had hit an all-time high of 659 exahashes per second This represents a 13.6% increase from its post-halving low of 580 EH/s, it added.as each block becomes harder and more competitive to mine. On the upside, high hashrates mean high network security for the Bitcoin blockchain.HashRateIndex explained that the hashrate growth could indicate that public Bitcoin miners are energizing their ASIC orders on schedule.
“Regardless of where it’s coming from, the current surge in hashrate is going to smack miners with a hefty upward difficulty adjustment in about 8 days.” The platform estimated that the difficulty adjustment will be +5.97%. Difficulty is a measure of competitiveness among miners on the network. It is currently 84.38T after falling from an all-time high of 88.1T earlier this month. AnotherHashprice is a measure of how much a miner can expect to earn from a specific quantity of hash rate.
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