Bitcoin (BTC) Hashrate Gains Another Peak

The (BTC) network saw another mining peak, reached within a day of heightened activity. Mining touched a pace of 86 EH/s, an unprecedented number of hashing operations, after days of relatively weaker mining.

The heightened mining is happening despite the recent peak difficulty. Miners are also joining in despite the recent drop in BTC market prices. Despite the adage of “miners follow the money”, even at $9,500, BTC is attractive enough. Also, miners tend to follow block rewards, and for the Bitcoin network, only about four months are left until the block reward is slashed in half to 6.25 BTC.

The heightened mining activity, while possibly temporary, is seen by some trad…

This article appeared first on Cryptovest

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.