What are the factors that can sink bitcoin further or give it back its bullish momentum?

June ends with bitcoin’s worst monthly close since 2011, down 37%. If the control of inflation in the US works, the markets will resume the boom. Ending the first half of the year, the bearish outlook in the bitcoin market is accentuated. June is about to close with the biggest monthly losses since 2011, around 37%, while the price drop … Read more

Bitcoin price falls from 20,000 dollars and challenges its history in the market

At the time of writing this article, bitcoin is trading above $19,100. So far this week, the drop exceeds 27%. What market analysts and investors feared has finally happened: the price of bitcoin broke the level of 20,000 dollars downwards this Saturday, June 18, which also implies the breaking of a historical pattern for the cryptocurrency in the market. During … Read more

Is Bitcoin a currency or an investment? The answer could depend on your pockets

Bitcoin and gold forecast

The report collected information from 9,500 people around the world. Lower-income people tend to be less optimistic about the future of Bitcoin. The versatility and potential of Bitcoin have allowed it to be seen as a tool for various purposes. Among these, its purpose as an investment instrument stands out as an asset to obtain future profits, and as a … Read more

LUNA 2.0 has arrived: exchanges list the cryptocurrency, but it falls 70%

LUNA2 was priced at almost $20 at launch and is now at $6. Several exchanges have listed the cryptocurrency, enabling withdrawals, deposits, and trading. Do Kwon, the co-founder, and CEO of Terraform Labs, the creator of the Terra (LUNA) cryptocurrency, announced this Saturday the launch of the new Terra 2.0 blockchain, with which they intend to revive the failed LUNA … Read more

Bitcoin fails to exceed the USD 30,000 band, what do the experts predict?

Bitcoin has depreciated 1% every day for the last month, highlights Glassnode. Analysts agree that demand is likely to continue to decline due to current market fundamentals. Bitcoin (BTC) turns ten days today without exceeding the USD 30,000 band, at the same time that its minimum price has been rising, behavior that shows that, although there is demand, it is … Read more

What is the hash rate and how does it influence bitcoin mining

Bitcoin hash rate

Bitcoin hash rate

The hash rate is one of the most important concepts in bitcoin mining, surely this has been one of the first definitions that you have come across when you have investigated a little more about the mining process.

What is the hash rate and how does it influence bitcoin mining? The hash rate is the mining power that is available to process data and find the solution to the mathematical problems that keep cryptocurrencies encrypted. Thus, the hash rate refers to the speed or time it takes a miner to do the mathematical calculations to solve blocks within the blockchain.

The hash rate is essential, as it has a great influence on the security and sustainability of the Bitcoin network. Likewise, the miners’ earnings depend on the hash rate, since the higher the power, the more blocks are mined.

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