The Bitcoin network hashrate rose 4% in the first two weeks of the month to an average of 937 exahashes per second (EH/s), Wall Street bank JPMorgan (JPM) said in a research report Monday.
The hashrate refers to the total combined computational power used to mine and process transactions on a proof-of-work blockchain, and is a proxy for competition in the industry and mining difficulty.
STORY CONTINUES BELOW
Don’t miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters svg]:max-w-[theme(spacing.8)] transition-transform-colors-opacity motion-reduce:transition-none text-default-foreground data-[hover=true]:opacity-hover w-full md:w-auto bg-new-yellow”>
Trending: Priceless Video: The Moment ICE Nails Screaming Illegal Influencer While She’s Live Streaming
Sign me up
By signing up, you will receive emails about CoinDesk products and you agree to our terms of use and privacy policy.
Join the conversation!
Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!