Bitcoin network turns 13, celebrates with new hash rate all-time high
The Bitcoin network underwent a six-month-long rally to attain a new all-time high hash rate of 207.53 million tera hashes per second (TH/s) on Saturday. Today marks the 13th year since Bitcoin (BTC) creator Satoshi Nakamoto mined the genesis block or block 0 of the Bitcoin network, and for the first time mined a reward of 50 BTC back on Mon, 2009. Fast-forward to 2022, the BTC network shows no signs of slowing down by reaching a new all-time high hash rate of 207.53 million tera hashes per second (TH/s).The Bitcoin hash rate, which correlates to the strength of the network based on the....
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Hash rate has never looked better, and appetite for accumulating has only grown since China's May mining crackdown. Bitcoin (BTC) is about to hit a new all-time high in one essential area — and major mining pools have likely already clinched the title.Data from monitoring resource MiningPoolStats shows that, as of Dec. 20, the Bitcoin network hash rate is practically at its highest ever.Hash rate vanquishes specter of ChinaDespite the price comedown from $69,000, hash rate is steaming higher, and the chunk of computing power from known pools is now at a historic peak.Hash rate refers to....