Data from BTC.com estimates that the network can still grow stronger by attaining another uncomparable high within the next 12 days, with a network problem of 26.70 trillion.
The Bitcoin (BTC) network has recorded a replacement all-time high mining problem of 26.643 trillion with a mean hash rate of 190.71 exahash per second (EH/s) — communication robust community support despite an bear market securities industry.
The Bitcoin network problem is set by the process power, that co-relates to the issue in confirming transactions and mining BTC. As proven by the blockchain.com data, the network problem saw a downfall between might and July 2021 because of numerous reasons together with a blanket ban on crypto mining from China.
However, as the displaced miners resumed operations from different countries, the network issue saw a forceful recovery since August 2021. As a result, on saturday, the BTC network recorded an all-time high of 26.643 trillion.
Data from BTC.com estimates that the network can still grow stronger by attaining another incomparable high within the next 12 days, with a network issue of 26.70 trillion.
In the last four days, F2Pool has been the best contributor to the hash rate by mining 88 BTC blocks, followed by Poolin at 76 blocks. As of yesterday, the common fee per group action is roughly $1.58, a worth that traditionally peaked at $62.78 back in April 2021.
(Arijit Sarkar, Cointelegraph, 2022)