Bitcoin Cash hash rate surged 188%, indicating increased mining activity. The Bitcoin Cash (BCH) network experienced a dramatic surge in hash rate and block production, signaling significant changes in mining activity. Data from fork.lol shows the network’s total computing power spiked 188%, surging from 3.55 EH/s to a peak of 9.21 EH/s. This sudden boost […]
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- Bitcoin Cash hash rate surged 188%, indicating increased mining activity.
- BCH block production fluctuated, now at a sustainable level.
- Despite stronger network fundamentals, BCH price dropped 4.4%.
The Bitcoin Cash (BCH) network experienced a dramatic surge in hash rate and block production, signaling significant changes in mining activity.
Data from fork.lol shows the network’s total computing power spiked 188%, surging from 3.55 EH/s to a peak of 9.21 EH/s. This sudden boost indicates a notable increase in miner participation or the use of more efficient mining equipment.
The substantial hash rate increase reflects heightened mining activity on the BCH network. This rise in computational power likely stems from more miners joining the network and existing miners upgrading their hardware. The spike suggests miners are finding the BCH network increasingly attractive, potentially due to improved profitability or advancements in mining technology.
Source: Fork
The surge in hash rate led to significant fluctuations in BCH’s block production rate. Early on July 3, the network was producing five blocks per hour. However, as the hash rate peaked, bl…
The post Bitcoin Cash Network Sees Record Hash Rate Spike, But Price Dips appeared first on Coin Edition.
