Bitcoin Hash rate doubles in 24 hours despite price drop

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As data from monitoring resource coin dance confirms, after the hash rate metric dipped from 104 quintillion hashes per second (h/s) to 57 on Sept. 23, it immediately reversed.On Sept. 24, it doubled, reaching 114 quintillion h/s, just a touch away from the all-time highs of 121 quintillion h/s seen ten days previously. commentators initially appeared scared when hash rate dropped. Long considered a measure of commitment to the Bitcoin Mining process, what appeared to be a sudden exodus of computing power sparked alarm. If the latest statistics are reliable, however, Bitcoin’s hash rate remains on its upward trajectory, around all-time highs. This contrasts with its drop in price: at press time Friday, BTC/USD was down 21% versus seven days ago.  Read more
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