The digital currency Bitcoin (BTC) has a record hashrate growth of 10.8%. This is a new maximum in the history of the coin in recent times. The hash rate allows you to assess the degree of reliability and security of the bitcoin network.
There are several main parameters that can affect the growth of the hashrate. The first is the power of the used equipment. If more efficient processors are connected to the network, the miners mine coins at a lower cost.
It can be assumed that lower prices for ASIC chips from well-known manufacturers helped operators to offset their costs in a bear market.
After the Chinese authorities imposed a ban on any use of cryptocurrencies, miners began to be active in other countries. For example, in Kazakhstan, Canada and Germany.
The Cambridge Center for Finance conducted a study and found that cryptocurrency restrictions in China lasted 3 months. Afterwards, mining operations were resumed. It is likely that this also affected the growth of the hashrate.
