The activity of miners in the BTC network increased sharply after another recalculation of complexity. This is evidenced by three key indicators indicated by venture investor Alex Thorne.
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Over the past week, the bitcoin hash has increased by about 30%, reaching 126.5 EH/s. Thus, this indicator was as close as possible to the historical maximum at 137.5 EH/s, recorded on May 11.
Surging hash rate has blocks being produced much faster than 10 minute target - almost every 7 minutes - putting us more than 100 blocks ahead of schedule in this difficulty epoch. pic.twitter.com/xJBUZR1B8K
— Alex Thorn (@intangiblecoins) June 7, 2020
The volume of unconfirmed transactions in the mempool decreased from 27.2 MB to 1.6 MB in the last week. At the same time, the value of the median commission in the bitcoin network decreased to $0.36, as evidenced by the data of BitInfoCharts. A week earlier, this figure reached $1.59.
The increase in hash rate has led to a reduction in block production time to 7 minutes. Due to this, miners overtook the current production schedule by 100 blocks.