BITCOIN HASHRATE MAXIMUM CRYPTOCURRENCY RATES

Updated: 03/20/2019 16:47
Reprints/Permissions  Hyip Monitor
cryptocurrency news 03 20 19
Learn about the Bitcoin hashrate maximum achieved since November 2018, latest news from Coinmarketcap, current prices and cryptocurrency rates observed
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Learn about the Bitcoin hashrate maximum achieved since November 2018, latest news from Coinmarketcap, current prices and cryptocurrency rates observed

The total computational power in the Bitcoin network reached the indicators of the beginning of November last year, which is the maximum level for these past four months.

So, according to Blockchain.com, on Tuesday, March 19, this figure was more than 52 EH/s.

Recall, hash rate is understood as the total computational power of mining equipment involved in the process of cryptocurrency mining.

As experts have repeatedly reminded earlier, the price of Bitcoin follows the hashrate, and the growth of this indicator indicates that optimism in the market, in particular among miners, is not only preserved, but also increasing.

Note that the historical maximum of the hashrate in the Bitcoin network was recorded in August 2018 - then this figure was approximately 62 EH/s.

It is also worth noting that the current level of hashrate is more than four times higher than the figures that could be observed in December 2017, when the price of Bitcoin rose to its historical maximum of around $20,000.

At the same time, the complexity of Bitcoin, despite the increased hashrate, is still at the levels of early February.

Note also that as of the beginning of March, about 75% of Bitcoin hashrate was under the control of six mining pools, half of which are "directly or indirectly" controlled by the Chinese company Bitmain.

Speaking about the Bitcoin rate and the main cryptocurrencies, it is worth noting that over the past day the Bitcoin rate has decreased by 0.15% and now stands at 4,057 thousand dollars. The capitalization of the largest cryptocurrency is 71.4 billion dollars.

Coinmarketcap March 20, 2019

The rate of Ethereum fell another 0.75% per day. It is 139.24 dollars with a capitalization of 14.6 billion dollars.

Ripple, meanwhile, changed its trend and won some points back, having risen in the last 24 hours by 0.20% to $0.319. The capitalization of the third cryptocurrency amounts to $13.3 billion.

Litecoin fell 0.09% in the past 24 hours and now its rate is $60.5. Cryptocurrency capitalization - $3.6 billion.

EOS rate is 3.73 dollars. Thus, it decreased by 1.01% per day. Cryptocurrency capitalization is $3.3 billion.

The total market capitalization of all cryptocurrencies is $140.6 billion.


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Brett Sherpan has been working for seven years writing and editing for online and print media. He has held various editing and copywriting positions and can quickly and competently write copy for sales, marketing and editorial content. Brett is a consistently dependable team player, who thrives in a high-pressure environment, enjoying the challenges of meeting deadlines and am comfortable researching, writing and editing on a wide range of topics
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