Hashing power war begins again

Hashing power war begins again

By salahchiva | salahchiva | 18 Jul 2019


The bitcoin is back in the news and this time with its Hash rate reaching its all time new high of almost 65.19 TH/s on july 18th quite and exponential rise with the prices if we compare but the consumption of energy for using bitcoin is increasing rapidly.

According to the researches that's going on it was found out that 74.1% of bitcoin mining is done with renewable energy source so its such a relief if you compare with energy consumption.

This could really help the financial problems if taken to a much larger scale by any government who will come up first that's challenging but a solution to a new modern problem for sure.

Anyways transactions too are on a new level high making the blockchain more congested than ever before with its speed hopefully bitcoin will handle all that with ease

 

 

 

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salahchiva
salahchiva

my name salah i from algeria and i like crypto world 😇😇


salahchiva
salahchiva

Life isn’t about finding yourself. Life is about creating yourself.

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