Bitcoin Hashrate Hits 300 EH/s Mark
Computing power on the bitcoin network, or hashrate, reached 300.65 exahash per second on 15th Feb , as miners got some breathing room amid a bitcoin price rebound and a decline in energy prices.
The hashrate gained 100 EH/s within around one year, twice as fast as it went from 100 EH/s to 200 EH/s, data from Luxor Technologies shows. “It is a strong testimony of how institutionalized the industry has become,” said Head of Research at TheMinerMag Wolfie Zhao.
The economics of mining have improved in recent weeks, as has the price of bitcoin.
(With inputs from Shikha Singh)
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