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Bitcoin (BTC) on Verge of Breaking Mining Record

© Reuters.   Bitcoin (BTC) on Verge of Breaking Mining Record
© Reuters. Bitcoin (BTC) on Verge of Breaking Mining Record

The (BTC) network keeps growing for two quarters in a row, as miners are about to break the record above 68 EH/s. Mining is one of the indicators of the network’s health, as more machines, in theory, protect each block from tampering.

Most of the mining growth is concentrated in China, and the electricity used is based on renewable resources. In fact, in the past months, despite the rise in hashrate, the BTC energy consumption has fallen, and the energy used annually is betwe…

This article appeared first on Cryptovest

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