Bitcoin Mining Hash Rate Recovers
After a sudden severe crash in mining hashing power yesterday, the Bitcoin network set a new hashing record that seen it go above 101 EH/s levels.
The network of the number one cryptocurrency by market capitalization suddenly drops 30% of its hashing power, the mechanism that makes the network secure, drawing a lot of concern from the crypto community as a whole.
However, the sudden drop in mining activities proved to be just temporary as the network bounced aggressively the day after, increasing exponentially to 101 quintillion hasing operations per second, a new all-time high.
The co-founder of Primitive Crypto, Dovey Wan states that mining activity depends on BTC market Prices with a $7,500 cut-off price for most mining farms as most of the miners have equipment that cannot break-even below this price point.
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Headlines for the world of Cryptocurrencies - September 25, 2019
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Headlines for the world of Cryptocurrencies - September 24, 2019
- Big Four Auditor Claims US Consumers Likely To Use Blockchain Tokens
- Fold App Raises $2.5 Million To Bring Lightning Network To Retailers
- 5 Cryptos Available For Purchase Using Credit And Debit Card At Binance
- Biki.com Founder Invited To Speak At Condex World’s Top 50 Innovators
- 5 New Altcoins Available For Trading in BitFlyer US And Europe
