Bitcoin network reaches unprecedented 400 th/s amid global energy concerns

2023-8-28 13:00

Quick Take

The Bitcoin network has witnessed a significant milestone, with its hash rate peaking at 400 terahashes per second (th/s), a first in its history. This development is particularly noteworthy considering the ongoing energy crises in Texas and escalating electricity prices globally.

The growth pattern closely mirrors the events preceding the 2020 halving, where a similar hash rate surge was observed. This impressive performance may indicate a ‘miner bull run,’ a phenomenon observed when miners increase their computational power to secure more rewards before halving events, which traditionally reduce block rewards by half.

The resilience of Bitcoin’s computational power amidst global energy concerns signals not just the robustness of the network but also potentially magnifies the need for sustainable energy solutions in cryptocurrency mining, given its heavy reliance on electrical power.

Hash Rate: (Source: Glassnode)

The post Bitcoin network reaches unprecedented 400 th/s amid global energy concerns appeared first on CryptoSlate.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Restart Energy MWAT (MWAT) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.0054454 (-100%)

energy bitcoin network development prices history particularly

Источник: cryptoslate.com

energy bitcoin → Результатов: 126


Bitcoin Energy Consumption Exaggerated says Energy Researcher

In Jan 2018, an independent article was published online which shows the different energy consumptions associated with Bitcoin mining with regards to different destinations. From the published article, it was seen that bitcoin miners in Venezuela will maximize cost as it was the country with the cheapest energy consumption for bitcoin mining, which stood below […] The post Bitcoin Energy Consumption Exaggerated says Energy Researcher appeared first on ZyCrypto.

2018-8-21 16:43


Фото:

Bitcoin Energy Consumption Could Drive Innovation, Says Research Associate

Bitcoin (BTC)–By now, most within and outside of the industry of cryptocurrency are familiar with the narrative surrounding Bitcoin energy usage. The argument goes that as Bitcoin becomes a more popular choice in terms of digital currency, the increase of miners looking to capitalize on transaction fees and reward payouts will increase, thereby also raising […] The post Bitcoin Energy Consumption Could Drive Innovation, Says Research Associate appeared first on Ethereum World News.

2018-8-21 04:14


Research Associate: Conversations Around Bitcoin and Energy Have Been Oversimplified

In the almost decade long existence of Bitcoin, the network has repeatedly come under fire for the large amount of electricity required to secure it. However, one researcher believes that the current discussion on energy use is largely redundant since it doesn’t take into account how the electricity itself is sourced or how technology evolves.

2018-8-20 22:30


Фото:

South Korea Blockchain Industry Blooming – Swytch Announces Partnership to Expand Possibilities for Renewable Energies

South Korean city Chuncheon has joined with Swytch in a partnership to expand and accelerate the city’s use of renewable energy. In a move that mirrors other government investments in the blockchain, the agreement between the city and Swytch will see the two organizations examining how to use Swytch technology to make more citizens benefit […] South Korea Blockchain Industry Blooming – Swytch Announces Partnership to Expand Possibilities for Renewable Energies was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

2018-8-20 13:59


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Shiba Inu [SHIB] could rally 20%, but only on THIS condition

An analyst spotted a descending channel on Shiba Inu's price chart, suggesting a 20% rally. Many SHIB tokens were taken off exchanges, reinforcing the prediction. According to Ali Martinez, The post Shiba Inu [SHIB] could rally 20%, but only on THIS condition appeared first on AMBCrypto.

Roaring Kitty’s return triggers meme coin surge and GameStop stock spike

The meme coin sector emerged as a rare winner the past day despite the broader market drawdown that pushed prices of major digital assets like Bitcoin down. These meme assets’ upsurge can be attributed to the unexpected reemergence of Keith Gill, also known as Roaring Kitty and DFV, who played a pivotal role in initiating […] The post Roaring Kitty’s return triggers meme coin surge and GameStop stock spike appeared first on CryptoSlate.

SHIB beats DOGE in 24 hours: Is this the start of a new dawn?

Interest in DOGE was more than SHIB in the last 30 days. Social dominance was almost equal, indicating a solid correlation. Shiba Inu's [SHIB] price increased by 4.07% in the last 24 hours, The post SHIB beats DOGE in 24 hours: Is this the start of a new dawn? appeared first on AMBCrypto.