RATE Group | Bitcoin Pre-Halving Hash Rate Volatility to Shake Up the Mining Sector
87907
post-template-default,single,single-post,postid-87907,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Bitcoin Pre-Halving Hash Rate Volatility to Shake Up the Mining Sector

Bitcoin Pre-Halving Hash Rate Volatility to Shake Up the Mining Sector

Bitcoin’s (BTC) mining hash rate is seeing major volatility ahead of the halving event, scheduled for May 12, as the mining sector is preparing for a major reshuffle. On May 3, the hash rate set a new all-time high, or ATH, of more than 142 exahashes per second, beating its previous record reached in March 2020.

The metric has not been only going upwards, however. Experts describe the hash rate during the early months of 2020 as “incredibly volatile,” as it ranged from around 70 EH/s to 120 EH/s. Chances are, the hash rate will start falling once the halving happens, but will soon start bouncing back — here’s why. 

Volatility intensified in March

Why does hash rate even matter? It is the simplest way to evaluate the network’s health. Put simply, hash rate is the amount of computing power miners are using to validate the Bitcoin blockchain. The more power, the more difficult it is for bad actors to compromise the blockchain’s security. A higher hash rate also means…

Source link