The Genius Block- The bitcoin network reached another historic milestone milestone today, achieving an estimated total computational speed of 1 petahash per second (1 PH/s = 1,000,000 GH/s). The current speed is 40x faster than where we began the year, faster than 79% of the bitcoin community expected as of just seven months ago. The path to this point goes back to the genesis block itself and offers insight into the foundations of the world’s first digital currency.
The arrival of spot bitcoin ETFs in the US offers easy access to the masses. Purists will steer clear.
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After plummeting in June, the price of Bitcoin has remained at such a low level that it is causing the
Inflation and expected interest rate hikes likely play a part in Bitcoin's dropping value.
All this means is that normal people are shut out out of mining.
This means nothing E.E.U.U will still have an avg of 8 mbits for the next few years.
Basically we have extremely advanced tech, the kind that could fix all of the worlds problems in 10 years time...
But none of us will ever get to see it, use it, or learn of it.
Petahash)))) what a funny name