Bitcoin’s hash rate just hit another new all-time high of 136 EH/s, an indication that miners are not backing out despite the recent selling pressure which led to a slump in the price of BTC last week.
Miners Are Bullish On Bitcoin
Data on Blockchain.com suggests that Bitcoin’s hash rate has been increasing steadily since the start of 2019. And now the network is processing as much as 136 quintillion hashes per second, which is about 25 quintillion increase since the last ATH in December last year.
The continuous increase in the hash rate shows that miners are not very much bothered about the current price of Bitcoin, perhaps, because they are very confident about the potentials of the cryptocurrency. Read More...