Bitcoin Hash Rate Approaching 120,000,000 TH/s Amid Market Crash

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The Bitcoin Network is about to reach another hash rate milestone despite BTC falling more than $500 in a single day. Network Fundamentals Improving Despite Price Drop Data from shows the Bitcoin Network hash rate currently at 114 quintillion hashes per second (114 million tera hashes per second — TH/s). This figure represents a new record for the computing power required to secure the network. Since the start of 2019, Bitcoin’s hash rate has maintained steady growth regularly setting new highs. A look at the 7-day average figures shows that the Bitcoin hash rate has increased by close to 140% since the beginning of 2019. The computing power increase looks to be bringing Bitcoin’s hash rate closer to a new milestone of 120 quintillion hashes per second. There is, however, some disagreement over how to measure the network’s hash rate. Thus, it is common to see platforms providing different hash…

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