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Bitcoin Hashrate Nears All-Time High Despite Market Skepticism

The Bitcoin hashrate is nearing its all-time high, despite market skepticism over Bitcoin’s popularity. The Bitcoin hashrate was at 31.6615 hash per second as of May 1st, 2018, according to data from BitInfoCharts. Source: BitInfoChartsNot long ago, on April 20th, 2018, Bitcoin (BTC) achieved a hashrate of 32.1278 hash per second, which was the Bitcoin hashrate all-time high. The current hashrate isn’t far off from that high and may reach it once more in the coming days if the hashrate continues to grow as indicated by the chart. What does it mean for the Bitcoin hashrate to be this high? It means that there are many new miners attempting…

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