Bitcoin Hashprice Plummets To Historic Lows
According to Checkmate, one of Glassnode’s leading analysts, the Bitcoin hashprice has reached an all-time low. Hashprice essentially indicates the reward per hash for miners, or the amount they earn for confirming transactions.
According to analysts, this reward has never been this low in both BTC and USD denominations.
The Bitcoin network hash rate attests to the digital currency’s durability and expanding computational power.
According to recent data, the Bitcoin network hash rate has achieved an impressive 429.72M Terahashes/second. This indicates a 1.85% increase over yesterday’s level of 421.91M TH/s.
More impressively, when compared to last year’s data of 205.77M TH/s, there is a remarkable increase of 108.8%.
(With inputs from Shikha Singh)
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