Bitcoin hash rate has grown over 4 quadrillion percent since 2009
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Answer Bitcoin hash rate has grown over 4 quadrillion percent since 2009
Bitcoin’s hash rate or the computing power of Bitcoin is much stronger than it was 13 years ago.
The mining difficulty in the Bitcoin network reached an all-time high recently on September 13, 2022, at block 753,984.
The mining difficulty has reached nearly 32.05 trillion hashes, and the network is very likely to see an upward adjustment around October 11, 2022.
indicate statistics The difficulty of retargeting can be anywhere from 4.22% to 10.7%.
Bitcoin hash rate growth of over 4 quadrillion percent since 2009:
Despite the Bitcoin (BTC) falling price against the dollar and the difficulty approaching an all-time high, miners continued to increase their hashrate.
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Data shows that the Bitcoin hash rate has grown by more than 4 quadrillion percent since 2009.
A quadrillion is a number equal to a million billion.
Write a quadrillion as: 1 000 000 000 000 000 (one on the right of it is fifteen zeros).
On January 19, 2009, the Bitcoin hash rate was close to six million hashes per second (6,290,000) and using the last 295 EH/s record, it equates to 295 quintillion hashes per second (295,000,000,000,000,000,000).
These two data points indicate that the network’s hash rate has grown by four quadrillion percent within 13 years.
The current block times were below the 10-minute average at 9:01 at the time of writing.
On October 1, 2022, the block interval was fastest at 7:95 minutes between blocks.
Difficulty adjustments are more common every two weeks than in the early days (before 2010).
On February 2, 2010, the difficulty rose above 1 hash.
By September 18, 2017, at block 485856, the difficulty of hashing Bitcoin rose above 1 trillion hashes for the first time.
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Just like the hash rate, the difficulty of mining bitcoin has increased dramatically as well, increasing three quadrillion percent since February 2, 2010, or over the last 4,626 days.
At the time of writing this article, over 756,888 Bitcoin blocks have been mined, while Bitcoin Metal has exceeded 19 million BTC and around 1.8 million BTC remains available for mining.
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