Bitcoin Network Now 8 Times More Powerful Than It Was at $20K Price

[CryptoGirl7]

Bitcoin (BTC) now has more computing power behind its security than ever before, passing another milestone as hash rate reaches an all-time high .

Data from monitoring resource Blockchain confirmed that the Bitcoin network’s total hash rate reached a peak of 79 tera hashes per second (TH/s) on July 20.

Read more: https://bitcoin2day.net/bitcoin-network-now-8-times-more-powerful-than-it-was-at-20k-price/

[rosezionjohn]

Please move this to the bitcoin discussion board.

Look for the move topic option at the bottom left of your post.

[Prolifik]

Hashing power is growing and network is more and more secure, number of transactions is growing, transaction fees are lower, number of people is growing but do you know what is not growing? Price. Maybe manipulation by big players?  

[coin-investor]

Hashing power is growing and network is more and more secure, number of transactions is growing, transaction fees are lower, number of people is growing but do you know what is not growing? Price. Maybe manipulation by big players?  

Yes this is something that we all looking forward now that so many great news is coming, we all thought that when it hit $13000 it will easily hit $15000 in just a week, but the opposite happens, although the current price now and the situation is much better compared to three months ago, but we still want for the price to move forward to $15000 level.

[cryptonx]

Bitcoin (BTC) now has more computing power behind its security than ever before, passing another milestone as hash rate reaches an all-time high .

Data from monitoring resource Blockchain confirmed that the Bitcoin network’s total hash rate reached a peak of 79 tera hashes per second (TH/s) on July 20.

Read more: https://bitcoin2day.net/bitcoin-network-now-8-times-more-powerful-than-it-was-at-20k-price/

thats mean more demands will coming to bitcoin
and if bitcoin price growing, for sure altcoins price will follow the rise on bitcoin
so, we will see the next green market soon my friend,, 

[bitsurfer2014]

That is a good news to the Bitcoin network and the whole crypto-community, ensuring more security and stability. I guess this development suggests a trend on increased hast rate within the coming months to coincide with the upcoming Bitcoin reward halving by 2020.

[sl8]

I wish it could influence the price of BTC, but in reality there are dozens of times more influencing reasons than in was in the end of 2017. What was that event in NY last year? People told it would influence the price. Huh...

[CuriousGeorge]

Bitcoin (BTC) now has more computing power behind its security than ever before, passing another milestone as hash rate reaches an all-time high .

Data from monitoring resource Blockchain confirmed that the Bitcoin network’s total hash rate reached a peak of 79 tera hashes per second (TH/s) on July 20.

Read more: https://bitcoin2day.net/bitcoin-network-now-8-times-more-powerful-than-it-was-at-20k-price/

More hashrate, more demand and we will have a bright future. I have been putting anything to the bitcoin. The bitcoin blockchain becomes truly decentralized right now and that's good news for bitcoin hodlers.

[FanEagle]

I think it is growing in transaction numbers as well, we have seen the highest transaction day back in April and there was no trouble going on neither.

The network is more dynamic nowadays, if something unexpected happens then there could still be some troubles because it gets back logged for a while but then it gets fixed, however if it increases gradually then the network prepares itself for it as well, so it is dealing with all it is given at the time it is given and unless you end up putting too much pressure in it right afterwards the network will work smoothly without a problem. That shows bitcoin is actually ready for another 20 thousand dollars period but without any issues this time around, hopefully we will see it soon enough and that would solve the mystery question eventually.