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Bitcoin network turns 13: hashrate reaches new all-time high

 


The Bitcoin network has recovered enough within six months that it has now hit a new hashrate all-time high of 207.53 exahashes per second.


On Monday it will be 13 years since Satoshi Nakamoto, the Bitcoin inventor, mined the first block, also known as the Genesis Block, on the Bitcoin network and on January 3, 2009 for the first time a reward of 50 Bitcoin ( BTC ) received for it. In 2022, the Bitcoin network is still growing, hitting a new all-time high of 207.53 exahashes per second (EH / s).


Bitcoin hashrate measures the strength of the network based on the number of active miners and saw a temporary slump after China banned cryptocurrency mining and trading . This prohibition of China has had a sudden Miner fading result, whereupon the Bitcoin Hashrate s to 58.46 EH / has fallen .


As you can see in the chart above, Bitcoin's hashrate made a strong recovery when Chinese miners came back online from other regions . On Saturday, the Bitcoin network posted a new all-time high of 207.53 EH / s and the security of the network was restored by increasing the mining difficulty.


At the time of going to press, the hashrate of the Bitcoin network is 190.64 EH / s. This corresponds to a decline of 8.14 percent compared to the all-time high.



Listed companies' BTC holdings have increased significantly over the past year, as on-chain analyst Willy Woo observed.


MicroStrategy now holds a total of $ 6 billion worth of cryptocurrencies . In December alone, the company bought 1,914 BTC, valued at $ 94 million.

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