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Bitcoin’s hashrate keeps hitting record highs. Despite the poor performance of its price, the leading cryptocurrency’s network security and miner confidence have continued to rise.
Cryptocurrency analyst Miles Deutscher noted this recent surge in a recent tweet. He believes that the increasing hash rate indicates growing miner confidence and increased network security. According to him, this is ultimately bullish for Bitcoin.
Data from CoinWarz shows that Bitcoin’s hashrate peaked at 1,113 EH/s on April 13th. Meanwhile, the mining difficulty currently stands at 121.51 trillion.
It’s interesting to note that this surge in hashrate comes despite the poor performance of Bitcoin’s price.
Source: https://u.today/bitcoins-hashrate-keeps-surging-heres-why-it-matters
