JPMorgan Reports 4% Rise in Bitcoin Network Hashrate in Early August
The bank’s data shows Bitcoin’s network computing power grew during the first half of August, indicating increased mining activity.
BTC
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Terms & Concepts
Hashrate: A measure of the computational power used in cryptocurrency mining, indicating how many calculations are performed per second.
Bitcoin Network: The decentralized system of nodes and miners that process transactions and secure Bitcoin using the proof-of-work consensus mechanism.