#Asia has been leading the way in digital asset trading volume.
West lagging behind while cash is still tight.
Meanwhile, #Japan and #China are already in "print go brrr" mode.
Are you paying attention, anon?
In short, #hashrate is a vital metric for understanding the health and evolution of the #Bitcoin ecosystem.
It represents the computational power dedicated to #mining and ensures #network #security and #stability.
It's simple:
1. If the #hashrate increases, the difficulty increases to keep the block time stable.
2. If the hashrate decreases, the difficulty decreases.
This mechanism guarantees the stability of #Bitcoin.
An increase in hashrate usually indicates growth in the Bitcoin network as more miners are joining the network.
This results in a more secure network, as it is extremely difficult for an attacker to control more than half of the total processing power.
Hashrate also affects mining difficulty.
The network automatically adjusts the difficulty every 2016 blocks to keep the average block creation rate around 10 minutes.
But how is this done?
In this sense, the hashrate is usually expressed in Exahashes per second (EH/s), and the higher its value, the more calculations can be performed per second, increasing the chances of a miner finding the solution.
Currently the HashRate is: 374 H/s
In the same way that we quantify computer storage in KB, MB, GB, TB, PB, miners quantify HashRate using the measurements:
Hashes (H/s)
Kilaashes (KH/s)
Megahashes (GH/s)
Gigahashes (GH/s)
Terahashes (TH/s)
Pethashes (PHS/s)
Exahashes (EH/s)
Zetahashes (ZH/s)
Bitcoin HasRate is a metric to measure the computing power of the network at a given time.
The higher the hashrate, the more processing power is devoted to mining new blocks. This ensures network security and prevents attacks.
COMPLETE GUIDE: BITCOIN HASHRATE
We compiled a compilation to explain everything you need to know once and for all about the subject. Understand:
- What is #HashRate;
- How it is measured;
- How it protects the #Bitcoin network;
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Percentage of coins immobile for more than a year reaches new ATH of 68.13%🔥
Hodling behavior continues to increase as low volatility drives traders away.
Only the long-term convictions remain.
#Bitcoin
In your opinion: how long will the dollar remain a global currency?
1971: US$391 Billion (Public Debt)
1980: $863 Billion
1990: $3.051 Trillion
2000: $5.773 Trillion
2010: $12.773 Trillion
2015: $18.152 trillion
2019: $22.027 trillion
2022: $31.041 Trillion
Tension over this debt surge worries investors. It translates into a weaker dollar.
In a survey by Bloomberg, investors see 3 options to protect themselves:
- Gold
- US debt securities (which will have higher interest rates)
- #Bitcoin
And you, how would you protect yourself from this madness?
Anyone who has already raised 78 times can raise the 79th, right? Yes, but it depends.
The House in the US Congress is controlled today by the Republicans.
The opposition party has been pressuring the government to cut spending.
In the last 6 months, the US government spent $1 trillion more than it took in.
This is almost 3 times what the Brazilian government spends in a year. Deficit only.
It's a pretty worrying amount. It means about 4% of GDP in deficit.
Since January of this year, the US government has run into record debt: $31.4 trillion.
This means that the Treasury cannot issue debt to finance itself, or even pay off other debts.
The US operates under a system called the "Debt Ceiling". Under this system, Congress dictates the maximum amount the debt can reach.
Since 1962 Congress has increased this limit 78 times.
This is David Lebryk, US Treasury official.
His function is to know how much money is coming in and where it is going. It confers $6 trillion dollars a year.
In recent days Lebryk has faced a mission: to know when the US will run out of cash 👇
NEW: 🇺🇸 Presidential candidate Ron DeSantis - “The current regime clearly have it out for #Bitcoin”
“As president we’ll protect the ability to do things like Bitcoin.”
When is the new #shitcoin launched.
Reddit user chooses #BTC> 401K
What do you think about this? 🤔
Friendly reminder
Trusting the science:
