Bitcoin hashrate remains strong during monsoon season
Cointelegraph
Published Sep 10, 2020 08:34PM ET
Updated Sep 11, 2020 01:40AM ET
The Bitcoin network hash rate has remained strong and been largely unaffected by the rainy season and power outages in China, according to a Sept. 10 report by Stack Funds.
Coin Metrics data supports the assertion, and the 7-day average Bitcoin (BTC) hash rate has remained above 120 Terahashes (TH/s) since mid-August despite mines at risk of floods and power outages in China. Glassnode data also shows the hashrate hit an all-time high on Sept. 8, breaking the 150 TH/s barrier for the first time in Bitcoin’s history.
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Written By: Cointelegraph
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