The Bitcoin network hashrate has recovered noticeably after being disrupted by the cap in May.mining cryptocurrency in China. According to analytical provider CryptoQuant, Bitcoin hashrate exceeded 150 exaches, or one quintillion hashes per second.
On August 24, the company reported a 152 Eh / s hash rate, which has tripled since June 28 this year, when it hit a 52 Eh / s low.
Recovering the BTC hash rate means the network is safer and harder to attack.
According to Bitinfocharts, May 13 average hash rateBitcoin (an indicator of computing power on the network) reached a record level of 197.6 Eh / s. Over the next six weeks, it dropped more than 65% as mining rigs across China were shut down due to mining migrations.
This indicator is now approaching the levels of early June and, if the trend continues, over the next few months, BTC may reach a new all-time high.
«Bitcoin hashrate has recovered ~67% of its previous level. He didn’t die then, he doesn’t die now»...
The recovery of the hash rate led to an increase in complexity, which increased by about 7% on August 13. Accordingly, the competition for finding a block has also increased.
Today bitcoin is trading at $ 48,000. At the beginning of the week, the coin tried to break above $ 51,000, but failed to do so due to lack of sufficient support from traders.
Santiment data shows that large bitcoin wallets periodically took advantage of the fall in cryptocurrency in July-August and boosted purchases at more comfortable prices.
The number of wallets controlling between 10 and 10,000 BTC reached 146,950. The number of larger addresses increased from 85 to 87, the team’s report said.
Where is it more profitable to buy cryptocurrency? TOP-5 exchanges
For a safe and convenient purchase of cryptocurrencies with a minimum commission, we have prepared a rating of the most reliable and popular cryptocurrency exchanges that support deposits and withdrawals of funds inrubles, hryvnias, dollars and euros.
The reliability of the site is primarily determinedtrading volume and number of users. By all key metrics, the largest cryptocurrency exchange in the world is Binance. Binance is also the most popular crypto exchange in Russia and the CIS, since it has the largest cash turnover and supports transfers in rubles from bank cardsVisa / MasterCardand payment systemsQIWI, Advcash, Payeer.
Especially for beginners, we have prepared a detailed guide: How to buy bitcoin on a crypto exchange for rubles?
Rating of cryptocurrency exchanges:
| # | Exchange: | Website: | Rating: |
|---|---|---|---|
| 1 | Binance (Editor's Choice) | https://binance.com | 9.7 |
| 2 | Huobi | https://huobi.com | 7.4 |
| 3 | Exmo | https://exmo.me | 6.9 |
| 4 | OKEx | https://okex.com | 6.5 |
| 5 | Bybit | https://bybit.com | 6.3 |
The criteria by which the rating is set in our rating of crypto-exchanges:
- Work reliability— stability of access to all functions of the platform, including uninterrupted trading, deposits and withdrawals of funds, as well as the duration of the market and daily trading volume.
- Commissions– the amount of commission for trading operations within the platform and withdrawal of assets.
- Additional features and services— futures, options, staking, NFT marketplace.
- Feedback and support– we analyze user reviews and the quality of technical support.
- Convenience of the interface– we evaluate the functionality and intuitiveness of the interface, possible errors and failures when working with the exchange.
- final grade– the average number of points for all indicators determines the place in the ranking.
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