{"id":94647,"date":"2019-08-11T06:42:37","date_gmt":"2019-08-11T13:42:37","guid":{"rendered":"https:\/\/lifeboat.com\/blog\/2019\/08\/bitcoins-computing-power-sets-new-record-as-over-100k-miners-go-online"},"modified":"2019-08-11T06:42:37","modified_gmt":"2019-08-11T13:42:37","slug":"bitcoins-computing-power-sets-new-record-as-over-100k-miners-go-online","status":"publish","type":"post","link":"https:\/\/lifeboat.com\/blog\/2019\/08\/bitcoins-computing-power-sets-new-record-as-over-100k-miners-go-online","title":{"rendered":"Bitcoin\u2019s Computing Power Sets New Record as Over 100K Miners Go Online"},"content":{"rendered":"<p><a class=\"aligncenter blog-photo\" href=\"https:\/\/lifeboat.com\/blog.images\/bitcoins-computing-power-sets-new-record-as-over-100k-miners-go-online2.jpg\"><\/a><\/p>\n<p>The total computing power now dedicated to securing the <a href=\"https:\/\/www.7wdata.be\/bitcoin\/bitcoin-as-a-technology-and-operations-management-case\/\" title=\"Bitcoin as a Technology and Operations Management Case\">bitcoin<\/a> <a href=\"https:\/\/www.7wdata.be\/conservatism\/blockchain-at-heart-of-personal-data-monetization-service\/\" title=\"Blockchain At Heart of Personal Data Monetization Service\">blockchain<\/a> has set yet another record.<\/p>\n<p>According to <a href=\"https:\/\/www.7wdata.be\/data-analysis\/a-cloud-native-approach-democratizes-self-service-bi\/\" title=\"A Cloud-Native Approach Democratizes Self-Service BI\">data<\/a> from mining services operator <a href=\"http:\/\/BTC.com\">BTC.com<\/a>, the average <a href=\"https:\/\/www.7wdata.be\/predictive-analytics\/how-enterprises-can-integrate-blockchain-into-business\/\" title=\"How Enterprises Can Integrate Blockchain into Business\">bitcoin<\/a> mining hash rate over the last two weeks has reached71.43 quintillion hashes per second (EH\/s), up from 64.49EH\/s on July 23. The threshold was breached as bitcoin adjusted its mining difficultyat block height 586,672 on Monday 2:52 UTC \u2013 that is a 6.94EH\/s, or10.78 percent jump since mid July.<\/p>\n<p>Bitcoin mining difficulty is a measure of how hard it is to compete for mining rewards on bitcoin. Just how difficult the bitcoin software makes it to generate new blocks adjusts every 2,016 blocks \u2013 approximately every 14 days \u2013 to ensure the block production time remains about 10 minutes at the next cycle.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The total computing power now dedicated to securing the bitcoin blockchain has set yet another record. According to data from mining services operator BTC.com, the average bitcoin mining hash rate over the last two weeks has reached71.43 quintillion hashes per second (EH\/s), up from 64.49EH\/s on July 23. The threshold was breached as bitcoin adjusted [\u2026]<\/p>\n","protected":false},"author":466,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1318,1523],"tags":[],"class_list":["post-94647","post","type-post","status-publish","format-standard","hentry","category-bitcoin","category-computing"],"_links":{"self":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/94647","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/users\/466"}],"replies":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/comments?post=94647"}],"version-history":[{"count":0,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/94647\/revisions"}],"wp:attachment":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/media?parent=94647"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/categories?post=94647"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/tags?post=94647"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}