Bitcoin [BTC] hashrate reached a new milestone — a point it has found difficult to attain since 8 June. According to CoinWarz, the BTC hashrate hit new highs in over two months.
The hashrate, which provides details of the computational power used to effect BTC transactions, was 248.61 exahash per second (EH/s) as of 26 August. Historical data revealed that the closest the hashrate got to was 236.50EH/s on 19 August.
This jump could be surprising, especially as the BTC price plummeted, losing the $22,000 hold and looking to fall below $20,000. So, does this mean that Bitcoin miners now have more power to get more BTC into circulation?
It could be too early to judge as the same hashrate had retracted its steps. At press time, the BTC hashrate was 216.49EH/s.
Source: CoinWarz
Incidentally, the hashrate was not the only one involved in the rally party. The Bitcoin block interval difficulty also followed. Usually updated every 2,016 blocks, the difficulty hit a height of 749,952, which was a 0.63% jump from the previous interval, according to BTC.com.
Source: Bitcoin.com
It is important to note that the block interval difficulty reached the milestone mentioned above at an average hashrate of 202.76 EH/s. Blockchain advisory organizations, BlocksBridge Consulting, had initially notified publicly of the update.
The company also projected that the difficulty could climb further in the coming days.
<p lang=«en» dir=«ltr» xml:lang=«en»>The average #Bitcoin block interval between current height (751055) and last diff epoch (749952) is about 9.18 minutes Read more on ambcrypto.com