Bitcoin hash power doubled in May despite 70% improvement

Fundraiser Wall Street based investment firm Tom Lee said that Hashish's strength of beta was doubled by May.

"Despite the BTC Bear Market, hash power has doubled since 57 EH / S - with the upgrade of the existing equipment, the new power consumption on May 18 is 5.2 GW vs. 1 GW. The brake way $ 7300 ($ 5300 cash bee) vs. $ 6000, Sam Doctor on Fund Store said.

Exponential growth in mining activity :

Since February, the evaluation of Cryptocurrency Market has dropped by 80 percent. However, the mining activities of the cryptocarcin area are increasing dramatically.

Difficulty mining Bitcoin, how difficult it is to find a hash under a specific target, changes based on effective cryptocarence effectiveness. If some people are digging bitcoin, the bitcoin mining problem will be reduced. However, when the network is growing up and most people lose it, bitcoin mining increases.

As the difficulty increases, it is difficult to find a block that minimizes revenue. The Bitcoin block reward changes every four years and thus, the difference between BTC mining is usually caused by difficulty with bitcoin mining.

If the rewards are equal to four years, the problem will increase, producing less than the cost of miners and mining centers. This means, if the price of BTC decreases, the miner's revenue will be reduced.

So, when the price of BTC fell, mining revenues have fallen, and the ashs of betacoin are common.However, over the past five months, Hasret of Bitcoin has doubled despite a 70 per cent decline in eight months. This means miners are still excited to expand their resources and to lower my bitcoin with the lower margins in the bear market.

Earlier this month, Bitmaks Research is retaining its profits revealed that the largest mine company in Kriptokurensi sector is strengthening its dominance in the low-level Bitman market.

"Betman has a deliberate strategy at lower prices, so they can experience lower sales and financial difficulties. In our view, a major successful IPO in the main driving forces behind the IPO decision continues to increase this firepower to continue this strategy and its advantages can be made by competitors before the IPOs."