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Almost back to record highs - Bitcoin hashrate at highs

 Bitcoin's computing power has already more than recovered after the blow against the Chinese mining industry.


Bitcoin ( BTC ) could soon write record numbers again in at least one area . Some large mining pools have already done this.


As can be seen from the data from MiningPoolStats , the hashrate, i.e. the computing power, of the Bitcoin network was higher than ever on December 20th.


Hashrate back on its feet

Although the Bitcoin price has noticeably lost again after the record run to 69,000 US dollars, the hashrate continues to rise. The computing power of the large pools is already at a record level.


The hashrate quantifies the available computing power that can be used for mining on a blockchain network. Although the key figure is very difficult to determine exactly, the experts agree that Bitcoin is currently more attractive to miners than rarely, which in turn drives performance upwards.


The total hashrate this week is 188.9 EH / s, of which the large pools alone currently account for 182.4 exahashes per second (EH / s).


According to MiningPoolStats, the total hashrate has only been one higher so far, in early May when it hit a new record of 209.3 EH / s. The large pools, on the other hand, are currently setting a record, because their performance has never been higher.


Accordingly, the Bitcoin hashrate has not only fully recovered from the blow of the Chinese government , but has now increased its own capacities again.


The supply volume is shrinking again

As Cointelegraph had reported , there is currently little interest in selling Bitcoin, because miners and investors prefer to sit on their BTC or save it.




The figures from the crypto market research institute Glassnode confirm that there is currently less and less “liquid” Bitcoin. As a result, the available supply is likely to decrease again soon, which should drive the price up even if demand remains the same.


The accumulation phase is already in full swing. Other data also show that the development of the supply volume has a noticeable impact on the price. So investors can hope again.

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