Bitcoin Hashrate Surges, Miners Back on Track Again

Crypto mining is one of the methods in the crypto space where you can earn crypto assets using hardware devices or at times, via the cloud. In the past months, the percentage of active miners in space has decreased due to the unexpected restrictions implemented by different countries around the world. However, the Bitcoin hashrate has been seen to be surging lately.

In detail, Bitcoin has successfully recorded a 24-hour estimated hashrate of 182.83 exahashes per second. As a result, the difficulty of mining a Bitcoin block also increases to maintain the time required to mine a block constantly.

Based on the graph above, Bitcoin is slowly but surely regaining its hashrate once again. This scenario is proof that the global miners that were once affected by the strict regulations have already found a place where they can set up their mammoth operations once again.

On the other hand, Bitcoin trades at a decent price of over $48k with a 24-hour trading volume of $32 billion. In addition, it has a market cap amounting to more than $900 billion. This market cap enables the crypto to maintain its position as the number one crypto asset in the crypto space.

Moreover, Bitcoin remains to be one of the favorite crypto assets of investors around the world. If this bullish trend continues, Bitcoin might be able to skyrocket its price and create another all-time high before the year ends. Indeed, this is a glorious event that the Bitcoin community will celebrate.