April 26, 2024

FTX Launches Bitcoin Hash Futures

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Cryptocurrency traders have the opportunity to purchase futures contracts not for the price, but for the BTC hashrate.

According to the FTX platform statement of May 15, newHashrate futures will track the complexity of the Bitcoin network daily. The platform tracks complexity, not hashrate, since it is almost impossible to accurately measure the level of hash. The statement states:

However, given that the complexity of the network is adjusted in order to maintain the block production rate at 1 block per 10 minutes, the average hash will be proportional to the average complexity.

Mining difficulty &#8211; indicator of how much computing power a miner needs to spend to confirm a transaction.&nbsp;

Binance Launches Ethereum Classic Futures Bitcoin hash decreased by almost 30% Bitcoin hash has risen sharply Bitcoin hashrate started 2020 with a record Bitcoin hash updated historic high Bitcoin mining difficulty dropped by 16% and hash rate by 23%

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