What is Bitcoin’s Hashrate (Bitcoin Total Hashrate)?
Bitcoin\’s hashrate refers to the computational power required for mining Bitcoi
Bitcoin’s hashrate refers to the computational power required for mining Bitcoin. According to the latest data from BTC.com, as of now, there are a total of six mining pools operating worldwide, generating approximately 1.3 billion Bitcoins. The calculation for total hashrate is as follows: a new block is produced every 10 minutes, and each block can process about 75,000 transactions. With a calculation of 1T/hashrate, it can generate daily profits of over 10 million US dollars. If calculated at a rate of 500,000 watts per hour, Bitcoin can be mined at a rate of 12.5-6.25 BTC per year (equivalent to a daily output of approximately 21 million US dollars), which accounts for about 10% of the total output. If we consider its growth rate over four years, Bitcoin’s annual revenue will reach close to 2 billion US dollars. Evaluation based on the indicators of 5G network, artificial intelligence, and big data suggests that there are issues with the economic model of digital currency, but this has not affected the overall development trend of the entire economic system. (CoinDesk)
Bitcoin Total Hashrate
According to the data from the Cambridge Bitcoin Electricity Consumption Index (CBECI), as of May 13th, the global BTC hashrate is 142.4EH/s. In the past 30 days, this indicator has increased six-fold, from a high point of 2.89EH/s in mid-November to the current 43.2EH/s, representing a growth of over 30%.
The increase in total hashrate shown in the chart indicates a more decentralized Bitcoin network. Although the hashrate has decreased slightly, it still remains at a relatively high level overall. (Cryptopotato)
Note: Higher computational power indicates a more secure network. More mining profits result in fewer rewards, and when the price of Bitcoin drops, it can lead to greater market activity and reduced hashrate volatility.
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