In the world of digital currency, Bitcoin has always been the focus of attention. Recently, the price of Bitcoin has shown a downward trend, which has attracted the attention of the market and investors. However, at the same time, the computing power of Bitcoin remains around 100Eh/s. What is the deep meaning behind this data? Let us explore in depth and uncover the mystery of the digital world of Bitcoin.

Bitcoin price fluctuations have always been the norm in the market, and investors are often faced with the challenge of coexistence of risks and opportunities. The recent decline in Bitcoin prices has attracted widespread attention. Some people are worried about the instability of the market, while others see investment opportunities. However, unlike price fluctuations, Bitcoin's computing power has shown amazing stability and has remained around 100Eh/s for a long time. Behind this data, the strong foundation and stable development of the Bitcoin network are reflected.

The computing power of the Bitcoin network refers to the number of calculations that can be completed per second by the global Bitcoin miner network, usually measured in Eh/s (Eh/second). When the computing power is stable around 100Eh/s, it means that the network's computing power is strong enough to support the normal operation and security of Bitcoin. This also means that although price fluctuations may bring investment risks, as a decentralized digital currency, Bitcoin's infrastructure and network security are jointly maintained and supported by miners around the world.

In addition to the stability of computing power, the decentralized nature of Bitcoin is also its uniqueness. Unlike the traditional financial system, the Bitcoin network has no centralized management agency, and all transactions and data are recorded on the blockchain, achieving open, transparent and decentralized management. This unique design allows Bitcoin to circulate and trade globally, providing users with a safer and more convenient way to manage digital assets.

Although the fluctuations in Bitcoin prices often make people feel ups and downs, as a new digital asset, Bitcoin's potential and prospects are still worth looking forward to. With the continuous development and improvement of blockchain technology, Bitcoin, as one of its representative applications, will continue to play an important role in the digital economy. Whether it is price fluctuations or stable computing power, Bitcoin is constantly evolving and improving, paving the way for the future of the digital currency world.

In this digital currency market full of variables and challenges, Bitcoin's performance has always caught people's attention. The price drop is only temporary, and the stability of computing power is the real strength of Bitcoin. With the continuous advancement of technology and the continuous improvement of the market, Bitcoin will surely usher in a more brilliant tomorrow. Let us witness the future of Bitcoin and explore the new era of digital economy together!

The four most famous international exchanges:

Binance INTL	OKX INTL	Gate.io INTL	Huobi INTL
China Line　APP DL	China Line　APP DL	China Line　APP DL	China Line　APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.

Despite the recent drop in the price of cryptocurrencies, Bitcoin's total network hashrate remains high. PlanB, a well-known cryptocurrency analyst, recorded the moment when the hashrate exceeded 100Eh/s recently and took a screenshot of the data from the getmininginfo service on Twitter.

Similarly, if we look at another BTC.com data, the same indicated total network hashrate level is about 90Eh/s.

According to a user nicknamed Hodlonaut, the Getmininginfo service does not provide accurate data on the actual hashrate of the network. Getmininginfo is useless for getting the actual hashrate. Variance jumps around like crazy due to using too short a time span for measurement. Even if measured by daily average weight, it jumps around like crazy. ”

Bitcoin’s total network computing power fluctuations in 2019

In June this year, when Bitcoin was $14,000, the total network hash power in 2019 was increased from 59
EH/s to 100EH/s. So far, Bitcoin has fallen to $7,000, but the total network computing power has almost doubled.

According to Blockchain.com data, the highest total network computing power in Bitcoin history occurred in October. The maximum total network hash rate on October 23 this year was 114
EH/s. According to Blockchain.com data, the current data of Bitcoin’s total network computing power is 90.5 EH/s. This figure is 21% lower than the peak.

The steady growth in computing power shows that the decline in Bitcoin prices has not stopped miners from entering. Although at this stage, some low-end ASIC models of mining machines, such as the Antminer S9 series, are already unprofitable. The break-even point of the Antminer S9 is $7,500. Perhaps, players in the field are betting on a long-term rebound in cryptocurrency prices, including the post-halving period that is coming in 2020.

The relationship between Bitcoin and computing power difficulty

It is possible that the price will continue to fall. Famous Bitcoin critics Peter Schiff, CEO of Euro Pacific Capital, believes that the cryptocurrency is moving within the framework of head-and-shoulders technical analysis data. Peter Schiff pointed out that this adjustment is likely to be completed at the $1,000 level. Bitcoin is close to the area of the "head and shoulders" Bitcoin that I launched on October 25 with a 40% adjustment. The right shoulder is now shrugged and the neck is tilted, parallel to the shoulder. If it breaks the established price target, there will be a wave of $1,000 adjustments. 

-Peter Schiff (@PeterSchiff) November 21, 2019

Meanwhile, a participant in the cryptocurrency community noted that Peter Schiff's previous negative predictions about the cryptocurrency exchange rate, on the contrary, drove the positive growth of Bitcoin prices.

Anthony Pompliano, co-founder of Morgan Creek Digital, took advantage of the price drop in the digital asset market to buy cryptocurrencies. He shared this information with his followers on Twitter.

As for Bitcoin's total network hash rate, in early September this year, the Bitcoin hash rate fell by 30% in one day. This was due to the increasing pressure from China on mining companies and the arrival of the dry season. At that time, the cryptocurrency depreciated sharply from $10,000 to $7,800.

At present, China does not officially ban cryptocurrency mining. But other bad news came from the region, such as the monitoring and high-pressure regulatory situation. The cryptocurrency market then experienced a similar collapse, with prices falling below $7,000.

As the Bitcoin network continues to grow and develop, its computing power is also constantly improving. From the initial personal computer mining of a few miners to the large-scale mining farms and mining pools around the world today, the computing power of the Bitcoin network has experienced a leapfrog development. The computing power of 100Eh/s has become a symbol of the Bitcoin network, symbolizing its maturity and stability.