Bitcoin hashrate is now I’ve reached it According to data provided by Coinwarz, the new highest high of 971 exahash per second.
Smoothing randomness
It is worth noting that the hashrate was used to spike over one second per second earlier this month.
However, such short spikes are not treated as a real record peak given that there is not enough time for the randomness of block production to be smooth.
Previous hashrate charts allow for smoother randomness. Therefore, some people don’t fool analysts with mere statistical noise, so they believe that true all-time highs are actually recorded over a long time frame.
Hash rates and prices
Bitcoin hashrates are usually thought to follow the prices of major cryptocurrencies, given that they tend to plug in mining when coins become more expensive.
Others assume that hashrates can actually drive prices, but there is no specific correlation.
Nevertheless, the peak of the new hashrate is a precursor to the foundations of major networks, given that it indicates that the network is gaining greater strength.
Meanwhile, Bitcoin is currently struggling with prices, with major cryptocurrencies now falling below the $111,000 level recently.
We’re leading
The US is currently leading the way when it comes to the geographical distribution of global hashrates. It accounts for up to 36% of the network’s computing power.
Despite the mining ban, China is paradoxically one of its biggest mining powers, gaining a 14% share of the world’s hashrate.
