Analysts at Glassnode reported that Bitcoin's hash rate has surged to a new record high.
Meanwhile,the price of Bitcoin (BTC) again came close to support at $ 10,000, but it seems that this and other serious pullbacks did not affect the intentions of the miners in any way.
According to the schedule published by the analyticalby Glassnode, for the first time since May 11, when the Bitcoin halving took place, the average Bitcoin hash rate reached a new all-time high of 156 Eh / s.
? #Bitcoin $ BTC Mean Hash Rate (1d MA) just reached an ATH of 156,364,761,518,986,067,968
Previous ATH of 152,433,466,367,375,933,440 was observed on 11 May 2020
View metric: https: //t.co/idoCHWnGEn pic.twitter.com/FFyAw4k0xr
- alerts glassnode (@glassnodealerts) September 8, 2020
According to Glassnode, on the day scheduledReducing the remuneration of miners, the BTC hash rate increased to 152 Eh / s. Then it dropped to 121 Ech / s, then suddenly dropped to 90 Ech / s, and only after a while returned to higher values.
A consistently high hash rate meansbitcoin miners continue to work despite the loss of part of their income due to a temporary drop in the BTC rate. This is supported by a graph posted on Twitter by CoinMetrics. This block production rate indicates the health of the network.
In addition, the high hash rate provides the bitcoin network with a greater protection against 51% attacks.
Glassnode also noted that two more fundamental indicators of the bitcoin network show significant growth.
In the last twenty-four hours, the numberBitcoin transactions have grown significantly and now stands at 13,667,500, which is 28.2% more than the previous value of 10,664,375. The volume of Bitcoin transactions also increased to an annual high, reaching 130,110.626 BTC.
? #Bitcoin $ BTC Number of Transactions (1d MA) increased significantly in the last 24 hours.
Current value is 13,667.500 (up 28.2% from 10,664.375)
View metric: https: //t.co/vE50X7QA8g pic.twitter.com/1GmjmVkdJP
- alerts glassnode (@glassnodealerts) September 8, 2020
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