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Bitcoin Mining Hash Rate to Double in 2022, Compute North CEO Predicts
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With all of the new capacity that is being promised by major bitcoin (BTC) miners, the bitcoin network’s hash rate – or the computing power that goes into mining new coins – is likely to grow twice the current number over the following year, suggested Dave Perrill, CEO of mining infrastructure provider Compute North.
In his own words, Perrill said of hash rate in the comments shared with Cryptonews.com,
“Expect it to double next year, as major industry players promise that hundreds of megawatts of capacity will come online in 2022.”
He added that even if it doesn’t double, “we will still see more than 3GWs of power coming online in all corners of the US” based on the commitments made by major players in the space.
The comments from Perrill
Read more on cryptonews.comAbout this in other media
Just 1.3 million Bitcoin left circulating on crypto exchanges cointelegraph.com /2 years ago
6th Hack This Month Confirmed: Bent Finance Asks Investors to Withdraw all Funds cryptonews.com /2 years ago
Venture capital invested a record $30 billion in crypto in 2021, more than quadruple previous high markets.businessinsider.com /2 years ago
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