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​Bitcoin continues to record highs in the Hash Rate

2019-09-05 10:18 am | Resource: News Section | No Views : 41

​Bitcoin continues to record highs in the Hash Rate Bitcoin (BTC) power consumption is quickly becoming more efficient, and new data is emerging as the Hash rate continues to reach record levels.
Data from the Statista complex, which was accessed on Thursday, September 5, showed that although more computing power is allocated to BTC mining, less electricity is needed to fuel it.
According to the graph, energy consumption in July of this year, 69.79 terawatts per year. In July 2018, the figure was 71.12 terawatts, while the retail rate was almost 60% lower than at present.
The retail rate measures the overall computing power involved in the processing of BTC transactions. The scale exceeded 80 quintiles per second in August this year, and currently stands at less than 90 quintillion. In July 2018, the figure was about $ 40 million.
The data are therefore commensurate with the general trend of miners becoming more environmentally conscious. As Bitcoin prices recover this year, many operators have announced attempts to improve efficiency.
A study conducted in June this year found that three quarters of BTC mining activity is supported by renewable energy sources.
Device manufacturers have also sought to develop new devices with greater capacity and lower power demands, such as Bitmain's 7nm Antminer, which debuted last November.
Electricity remains a common topic among third parties, with some claiming that industry consumption makes it a morally questionable activity.
As for the price of Bitcoin during trading on Thursday, September 5, the currency reached the price of 10,568 dollars, up 0.18% over the past 24 hours, while the currency in terms of market capitalization to 189.3 billion dollars, according to coinmarketcap website data The currency continues to advance significantly, which began since last April of this year, and the currency is still recovering significantly during this year, after suffering a significant decline for more than a year.

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