NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: SOL Strategies: The First Solana Treasury Company Listed On Nasdaq
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: SOL Strategies: The First Solana Treasury Company Listed On Nasdaq

Another All-Time High For Bitcoin Hash Rate

Martin Young
Martin Young
6 years ago
2 mins read
bitcoin hashrate

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

The Bitcoin network is growing from strength to strength. One measure of this is hash rate which is the equivalent of network horsepower, and this metric has just reached another milestone.

Bitcoin Network Keeps Cranking

Hash rate in simple terms is the speed at which computers on the network operate. For miners, the higher the better, as it increases the chances of completing the mathematical problem to solve the block and collect the resultant block reward.

This metric measures the number of hashes per second Bitcoin miners are performing on the network. This rate of computing power has been steadily increasing since Bitcoin’s inception and a couple of days ago hit another new milestone of almost 80 EH/s.

According to Bitinfocharts.com hash rate hit 78.9978 EH/s on July 29, marking a new all-time high for the network.

bitcoin hashrate
BTC hash rate – Bitinfocharts.com

During Bitcoin’s price peak in mid-December 2017 the hash rate was only around 15 EH/s which means the computing power on the network has grown by over 400 percent since then. A higher hash rate also bolsters network security as it becomes harder to carry out a 51% attack. Bitcoin rationalist, Stephen Cole, pointed this out.

“The higher the hashrate, the more costly attacks become. Security of the network continues to increase!”

Bitcoin's mining hashrate just hit a new all-time high.

The higher the hashrate, the more costly attacks become. Security of the network continues to increase! 💪 https://t.co/CJujjEnc1H

— Stephen Cole (@sthenc) July 31, 2019

BTC Transactions Also High

Another sign of growing adoption and network strength is the transaction count. As it stands 2019 is primed to be the highest year for Bitcoin transactions since its inception, eclipsing even those during the big 2017 bull run.

A recent tx high was hit in May this year when it topped 450,000 per day. The all-time high for daily Bitcoin transactions was in mid-December 2017 when its price pumped to $20,000. The tx figure then topped 490,000 so the recent high was not far off.

According to founding partner at Adamant Capital, Tuur Demeester, bitcoin is also nearing its billionth dollar charged in transaction fees.

Measure of success as a settlement layer: https://t.co/j9LAXPaArn

— Tuur Demeester (@TuurDemeester) July 31, 2019

Litecoin Hashing Higher as Halving Nears

Mirroring big brother’s network is Litecoin which also posted a new hash rate high last month. According to the charts LTC hash rate hit 523.8173 TH/s on the July 14. Litecoin has had a lot of momentum recently as halving events are usually bullish. The block half reward reduces in less than five days but it appears that most of the fomo has already fizzled out as the digital asset struggles to top $100.

At the time of writing both Bitcoin and Litecoin were leading daily gains on crypto markets. BTC was trading up 2 percent at $9,970 while Litecoin was up 4 percent at $97 after briefly touching three figures a few hours ago.

Image from Shutterstock
Tweet123Share269ShareSend
Martin Young
Martin Young

Martin Young

Martin is a Southeast Asia based info-tech, cyber security, and cryptocurrency analyst with 20 years working in web technology and media.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Zuid-Korea crypto real estate revolutie - Bullish voor de september crypto koers?

Zuid-Korea crypto real estate revolutie – Bullish voor de september crypto koers?

Zuid-Korea verplicht voortaan volledige opgave van crypto verkoop bij vastgoeddeals. Dat is groot crypto nieuws. Het raakt Bitcoin, Ethereum, altcoins...

Lars Diederiksen 2 hours ago
Ethereum Price Gains Fade

Ethereum Price To Clear $5,000 If This Level Is Broken

The Ethereum price is once again drawing attention as a strong bullish setup begins to take shape on the charts....

Sandra White 3 hours ago
Solo Bitcoin Miner Earns $347K on the World's Most Competitive Crypto Network. Is Pepenode Presale the Next Mining Opportunity?

Solo Bitcoin Miner Earns $347K on the World’s Most Competitive Crypto Network. Is Pepenode Presale the Next Mining Opportunity?

A solo miner earned 3.13 $BTC ($347,872) mining Bitcoin on Sunday. It’s only the second time an individual has successfully...

Aaron Walker 3 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Solana SOL SOLUSD

Solana Rally in Sight? Traders Eye Breakout That Could Push SOL Toward $250

James Halver 16 minutes ago

Bitcoin News: Settimana decisiva per i mercati cripto, vari eventi macro attesi

clararosati 1 hour ago
dogecoin_doge_dogeusd_5_optimized

Dogecoin Leads Altcoin Rally Amid ETF Speculation: Is $1.50 the Next Big Target?

James Halver 2 hours ago

Premium Sponsors

Press Releases

  • miner

    Institutional capital pours into DOT Miners, pushing XRP...

    57 minutes ago
  • 仮想通貨おすすめ:ビットコイン11万7,000ドル予測と3億ドル空売りリスク

    ...

    3 hours ago
  • ドージコイン 今後の課題:0.25ドル突破に苦戦、新しい仮想通貨に資金が流入する9月

    ドージコイン...

    3 hours ago
  • リップル 今後の価格予測:ETF承認でビットコイン級60%上昇の可能性

    リップル...

    4 hours ago
  • 3 najlepsze kryptowaluty, które możesz kupić już dziś...

    4 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.