Bitcoin’s hashrate has been increasing a great deal during the last three months, as it’s increased more than 32% from 103 exahash per second on July 25 to today’s 137 EH/s, with a few highs in between around the 189 EH/s mark.
As bitcoin’s price is still more than 30% higher during the last month, even after the fall below the $60K region, the network’s mining power has increased a great deal.
At that time three months ago, BTC’s hashrate was steadily recovering from the bitcoin mining crackdown in China and the mass migration that followed.
The network’s security and processing power increased 32% since then as the price lift has made it so miners are far more profitable than they were in late July.
Today, the largest mining pool dedicating hashrate to the Bitcoin network is F2pool with 17.56% of the network’s hashpower or 26.31 EH/s.
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The price of bitcoin in October has shown signs of a double-bubble similar to the bull run in 2013, and speculators have been trying to guess the leading crypto asset’s top.