Bitcoin hashrate is up

Bitcoin hashrate is up by 163% in 5 months

Bitcoin hashrate is up by 163% in 5 months, after it tapped a low at 69 EH/s. Statistics show that the hashpower of the BTC has been above 180 EH/s after reaching a lifetime

Bitcoin hashrate is up by 163%: 

Flagship currency is trying hard to cross the $50k price level but hasn’t been successful yet. The miners already have mined 90 percent of the total 21 million supply of BTC. The recent statistics show that miners have been keeping the processing power for Bitcoin above 180 EH/s. Bitcoin hashrate is up by 163% in the last 178 days or we can say 5 months. Now the hashrate of the Bitcoin Network is hovering around 186 EH/s.

On December 8, 2021, the hashrate of BTC crossed the lifetime high of 194.95 EH/s. After reaching ATH, the miners are keeping it above the 180 EH/s mark. 30 days data shows that hashrate came very close to ATH a few times. BTC is considered to be in bearish mode but the hashrate is a whole lot better than the bearish market in June. The network’s hashrate dropped to a low of 69 EH/s on June 28, 2021.

Bitcoin hashrate is up
Bitcoin Hashrate by CoinWarz

Thanks to the crackdowns on Chinese mining operations located in China, the network lost 63.87% of its hashpower from 191 EH/s on May 9, to the 69 EH/s at the end of June. Five months later, the hashrate has rebounded and regained the processing power lost during that time frame. At the end of June, BTC’s price was much lower, swapping for $34K per unit. The bitcoin difficulty is expected to drop since November 28, 2021.

Bitcoin hashrate is up by 163% in 5 months, thanks to the miners who are keeping the Network alive. Read more here.     

About mnmansha

MN Mansha is a cryptocurrency expert, trader, and content writer with extensive experience in covering everything related to digital assets — from price analysis to Blockchain disruption. Mansha authored 100+ stories for NewsBSC.com and other fintech media outlets and he's actively writing more every day. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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