Bitcoin Network Hashrate Explodes To All-Time High Every Mo Telephone Commutation Charge Per Unit Of Measurement Hits $1000; Biggest One-Day Spike On Record

As the cost of bitcoin passes $1000 for the 2nd fourth dimension inwards 2017, the mining ability of the global network of interconnected computers maintaining the integrity the digital currency has been increasing at an fifty-fifty faster pace.

According to Blockchain.info charts, the hashrate of the Bitcoin network - the sum of mining calculations taking house every 2nd across the globe - reached an all-time high of 3,750,587 TH/s on Jan 31, 2017:

This is the biggest one-day spike inwards the hashrate of the Bitcoin network! On Jan. 30, the hashrate was 2,832,475 TH/s.

To seat this figure into perspective, 1 TH/s is equivalent to ane trillion calculations per second!

The difficulty of mining a whole block of bitcoin, which adjusts every 2016 blocks, is estimated to fountain yesteryear 11.51 part inwards virtually 2 days, according to blockchain statistics site BitcoinWisdom.com.

The final difficulty adjustment, which took house on Jan 22, upped the difficulty figure yesteryear 16.64 percent. This was the largest spike since Feb 7, 2016, when the difficulty on the Bitcoin network shot upwardly yesteryear 20.06 percent.

Since Feb of 2016, the difficulty of mining a block of bitcoin has almost tripled. With the side yesteryear side difficulty adjustment inwards virtually 2 days, bitcoin miners all over the Blue Planet that are running the same mining devices every bit they did at the showtime of final year, would move mining solely ⅓ of the sum they could inwards Feb of final year.

Mining farm icon yesteryear Marko Ahtisaari