Data shows the Bitcoin 7-day hashrate has now reached a new all-time high. Here’s how the mining difficulty will reflect this change later today.
Bitcoin 7-Day Mining Hashrate Has Continued To Rise Recently
The “mining hashrate” here refers to a measure of the total amount of computing power that the Bitcoin miners have currently connected to the network.
When this metric rises, it means the miners are bringing in more machines online on the network right now. Generally, this kind of trend is a sign that these chain validators are finding it profitable to mine on the network currently.
On the other hand, decreasing values imply some miners are leaving the chain at the moment. Such a trend can suggest the miners aren’t finding it that attractive to mine the cryptocurrency.
Now, here is a chart that shows how the 7-day average Bitcoin mining hashrate has changed over the past year:
The value of...
