On-chain data shows the Bitcoin mining hashrate has registered a plunge from the fresh all-time high (ATH) it had just recently set.
Bitcoin Mining Hashrate Has Dived Down Recently
As the Bitcoin network works on the proof-of-work (PoW) consensus mechanism, validators called miners have to compete with each other using computing power to get a chance to add the next block to the chain.
The total measure of this computing power that’s currently connected to the BTC blockchain is known as the “mining hashrate.” This metric can directly correlate to the security of the network, since if a malicious entity has to succeed in an attack, it has to take over at least 51% of the total computing power.
Naturally, when the hashrate goes up, so does the resistance of the blockchain, as there is more machines to hack before the 51% target can be achieved. This is only, of course, given that the new hashrate being added is sufficiently decentralized.
Now, here is a chart that show
We współpracy z: https://bitcoinist.com/bitcoin-hashrate-plunges-from-all-time-high-but-why/
