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
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