Even though there are a lot of debates taking place regarding Bitcoin mining, the network is in a good place. Regardless of energy consumption concerns, the overall hash rate has risen steadily over the past nine months. At this rate, reaching 45 exahash per second will not take all that long.
Increase in Bitcoin’s Hash Rate
The past nine months have not been easy for Bitcoin by any means. Even though the value of BTC seemingly skyrocketed a few months ago – and since has crashed substantially – Bitcoin miners are not ending their operations. Instead, it seems the Bitcoin network hash rate has had a constant rate of growth these past nine months. That in itself is a rather intriguing development, especially in light of the declining Bitcoin price.