A few days ago a new record was achieved for the hashrate of Bitcoin (BTC), which is the total power of the network, reaching 140 Eh / s and becoming the first in this sector, as data from CoinMetrics also reveals.
Blockchains that use the PoW (Proof of Work) consensus protocol have a system that shows the power and computation required to mine a new block.
Once the new block is identified and validated, the miner gets the relative prize, which in this case is 6.25 BTC; the more powerful a machine has, the sooner it can process the data and create the block.
As a consequence, this mechanism allows the blockchain in this case of Bitcoin to also protect itself from external attacks, because although it is true that with more power there is a considerable advantage in obtaining the block's reward first, this also becomes a new limit to overcome in case the so-called 51% attack is attempted.
Hashrate data of the different blockchains
If the other protocols that use proof of work are also taken into account, such as Bitcoin Cash (BCH), Litecoin (LTC), Bitcoin SV (BSV), Dogecoin (DOGE) and Monero (XMR), this is the current data, always take two. from CoinMetrics.
The data is interesting, especially regarding Monero, which currently outperforms even Bitcoin. Actually, Monero's algorithm is different because it uses RandomX which reaches 1.38 Gh / s, while both BCH and BSV, forks of Bitcoin, travel on the same wavelength at about 2 Eh / s.
Finally, both Litecoin (Scrypt), Dogecoin (Scrypt), and Ethereum (Ethash) travel at around 250 Th / s.
In addition, we can see a close correlation between the increase in the hash rate and the price of Bitcoin, following a trend that is in line with it, so it is to be expected that if this value rises again, it is possible that it will also. make the BTC price. go up, and vice versa.