Bitcoin News

Bitcoin (BTC) Network Shows Boost in Hashrate and Wallet Activity With New Price Surge

(BTC) is showing more signs of optimism, including a peak in hashrate and a spike in wallet activity.

The Bitcoin hashrate rose above 61.79 EH/s, most likely due to the abundance of hydroelectric power, combined with the shipments of new, more powerful mining rigs by Bitmain. For now, the lawsuits and the failed IPO of the leading ASIC producer are not affecting mining rates.

At $9,000, BTC is also way above breakeven prices for mining in most regions, creating significant interest in seeking block rewards. But in general, BTC mining has not slowed down significantly even during the lows of the bear market.

Another sign of higher activity is the…

This article appeared first on Cryptovest

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