
Bitcoin Hashrate Growth Hits Pause as Competition Heats Up
The Bitcoin mining hashrate has halted as uncertainty masks months of steady growth.
The Bitcoin mining hashrate has halted as uncertainty masks months of steady growth.
Bitcoin mining revenue is now just $0.060 per terahash per second per day.
The recent intensive crackdown of the Bitcoin has led to price decline. Bitcoin is currently trading at the $34,200 level.
The Bitcoin Mining Map offered by Cambridge Centre for Alternative Finance shows the region-wise concentration of the BTC hash rate. It demonstrates that China alone dominates 65% of the total global hash rate.
Max Keiser bets on Bitcoin’s sharply rising hashrate and the Game Theory to back his predictions. He says hashrate, and not the Bitcoin price, is the true indicator of the crypto’s inherent strength.
Many of the community members have raised concerns about the centralization of the Bitcoin network that would further result in major attacks.