RATE Group | Bitcoin’s Computing Power Is Growing Again After Coronavirus-Related Disruption
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Bitcoin’s Computing Power Is Growing Again After Coronavirus-Related Disruption

04 Mar Bitcoin’s Computing Power Is Growing Again After Coronavirus-Related Disruption

Posted at 03:53h in Bitcoin News by

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The computer processing power of the bitcoin network is growing again – albeit slowly – as major Chinese miner manufacturers gradually resume business after the coronavirus outbreak delayed shipments.

The average hashing power on bitcoin (BTC) over the past seven days has reached a new high of around 117.5 exahashes per second (EH/s), up 5.4 percent from where it stagnated for a month beginning Jan. 28, according to data from PoolIn, which, along side with F2pool, are currently the two largest bitcoin mining pools.

Data from BTC.com further estimates bitcoin’s mining difficulty, a measure of competitiveness in the field, will increase by 2.15 percent when it adjusts itself in about five days thanks to the increased hashing power in the current period.

The growth comes as major Chinese miner manufacturers have gradually resumed shipments over the past one to two weeks. The coronavirus outbreak had forced many businesses across the country to extend the Chinese New York holiday…

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