Bitcoin Mining Hash Rate Recovers


After a sudden severe crash in mining hashing power yesterday, the Bitcoin network set a new hashing record that seen it go above 101 EH/s levels.

The network of the number one cryptocurrency by market capitalization suddenly drops 30% of its hashing power, the mechanism that makes the network secure, drawing a lot of concern from the crypto community as a whole.

However, the sudden drop in mining activities proved to be just temporary as the network bounced aggressively the day after, increasing exponentially to 101 quintillion hasing operations per second, a new all-time high.

The co-founder of Primitive Crypto, Dovey Wan states that mining activity depends on BTC market Prices with a $7,500 cut-off price for most mining farms as most of the miners have equipment that cannot break-even below this price point.

Given the current market trend, it is not hard to see that whey some miners opted to shut down temporarily and assess the market and plan for their next move.

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  • 5 New Altcoins Available For Trading in BitFlyer US And Europe






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