Bitcoin’s hash rate hits record high after difficulty drop

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Bitcoin’s hash fee, an indicator of the computational energy used for mining and processing transactions, has lately achieved a historic excessive. The 14-day transferring common hash fee now stands at an unparalleled 586 eh/s, additional enhancing the digital belongings safety. Whereas the one-day hash fee peak of 711 eh/s on March 7 stands out, the 14-day transferring common is taken into account a extra dependable indicator because it smooths over short-term volatility.

This enhance in hash fee indicators a predicted adjustment of over 3% within the present issue epoch, anticipated on March 14, based on Newhedge.

This adjustment aligns with Bitcoin’s core design precept of sustaining a goal block time of 10 minutes, instantly influencing the projected timing of the subsequent halving occasion. Per the Clarkmoody dashboard, if the ten-minute common block time is maintained, the halving occasion may doubtlessly happen on April 21.

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