For the first time in the cryptocurrency’s existence, the total network hash rate of Bitcoin just crossed beyond 1000 PH/s, charting an entirely new milestone in mining rates.
It has been a turbulent week for bitcoin. The cryptocurrency saw its price fall last week. Marvel Studios saw the term ‘Civil War’ snatched away by the core group of bitcoin developers and the perceived failure of the ‘bitcoin experiment’ in the aftermath of Mike Hearn’s Medium post and a closely-timed New York Times article covering the former bitcoin core developer and now an employee of R3 – a banking consortium developing its own distributed ledger solutions similar and dissimilar to bitcoin’s blockchain.
The world’s media caught on everywhere, making headlines of Bitcoin’s death, again, and the former core developer who sold his bitcoins.
However, all of the above hasn’t deterred the mining community.
It now stands to record that the total network hash rate of Bitcoin spiked over a billion GH/s, registering a rate of 1 Exahash