Bitcoin crashed by 60% on the deadly day of March 13th. However, to get back up and resume it's functioning it didn't need a multi-billion rescue package. This is according to the latest<a href="https://www.blockchain.com/charts/hash-rate"> blockchain</a> data which analysed that Bitcoin's hash rate has come back up in recent weeks.
<h2>Ease in Mining Led to an Increase in Bitcoin's Hash Rate</h2>
Since March 21, a 10% expansion has been witnessed in Bitcoin's hash rate, according to the monetary resource blockchain.

This jump in figure comes in response to the lowering of difficulty in bitcoin's mining, in order to to help the miners economically. Bitcoin's hash rate and difficulty go together, it is an expression of the difficulty in solving the equations for blocks on bitcoin transactions.

The market meltdown occurred in March and bludgeoned bitcoin. It led to a situation as price nosedived that there was no profit left for miners to continue. after this event, bitcoin's difficulty dropped by 16% put a halt to less miner participation and aided in preserving network security. Another change in difficulty of bitcoin's hash rate is due on April 8, which looks set to help the miner's cause again, according to BTC.com.

This phenomenon has placed the bitcoin community firmly in a position to ridicule fiat currency more, which required the intervention of government to make an escape from the financial struggles, making bitcoin appear more and more as the real hard money, which survived without a significant bailout.

Bitcoin quality of being impossible to replicate is incredible, and any attempt at increasing its supplies externally is outright rejected by miners mostly since it reduced their income. Also, if bitcoin experience a hike in price, the miners can't be rewarded any quicker cause the block rewards are released ever 10 minutes roughly. As explained impeccably by Saifideen Ammous in his prominent book
<blockquote>"The bitcoin standard" in which he says: "Unlike any other money in history, participants cannot devote excessive time and energy to making more units of Bitcoin the currency more quickly."</blockquote>
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Bitcoin's Hash Rate Rebounds in Recent Weeks- Blockchain's Report

Bitcoin's hash rate jumps up by 16%, as Bitcoin rebounds without a bailout of billions like fiat, even after losing 60% of its value over two days.

Zain is a fervid fan of bitcoin and has been meticulously covering the field for a fair amount of time now. An aficionado of Spider man, Liverpool and Slim Shady.

Bitcoin's Hash Rate Rebounds in Recent Weeks- Blockchain's Report

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