Bitcoin’s hashrate tapped a lifetime high on the first day of 2022 reaching 209.39 exahash per second (EH/s). During the last 12 months, Bitcoin’s hashrate has increased by 47.92% from the 141.55 EH/s recorded on January 3, 2021.
Bitcoin’s Hashpower Reaches a New Milestone
Bitcoin (BTC), a cryptocurrency, has seen its processing power rise and is now secure enough to reach a landmark in 2022. According to the one-year hashrate chart hosted on coinwarz.com, BTC’s hashrate tapped a high of 209.39 EH/s on January 1, 2022. As of the writing date, the hashrate continues to coast along the zone with two hundred and three quintillion (H/s) hashes. The 30-day statistics suggest that it briefly touched 224.32EH/s on Saturday.
Bitcoin.com News reported recently that the BTC network reached 194.95 EH/s on December 8, 2021. It’s also worth noting that the Ethereum (ETH) network also reached an all-time high tapping 1 petahash per second (PH/s).
On December 22, 2021, the Ethereum network reached 1.0122 PH/s and today’s metrics show ETH’s hashrate is still above the 1 PH/s on Sunday. On January 3, 2021, Bitcoin’s hashrate was 141.55 EH/s or 47.92% lower than today’s BTC hashpower statistics.
Hashrate Climbs Over 200% Since China’s Bitcoin Mining Crackdown, Mining Difficulty Nears All-Time High
Moreover, on June 28, 2021, China’s crackdown against BTC miners caused the hashrate to plummet to 69.11 EH/s. The network’s hashrate has grown 202.98% since that day as a great majority of mining operations relocated to other countries. Foundry USA, which has 19.45% or 34.79 EH/s of global bitcoin mining power at the time of this writing is the biggest pool. Antpool, which has 16.91% or 30.25EH/s of global hashrate, is the second largest mining pool.
There’s only 11 known mining pools mining BTC today and 3.81% of the global hashrate stems from unknown hash or stealth miners. BTC miners experienced two spikes in difficulty mining bitcoins during the previous two epochs. The difficulty rose 8.33% on December 11th, and by 0.322% the following day. Bitcoin’s next mining difficulty change will bring it awfully close to the difficulty’s all-time high at 25 trillion. Within five days the difficulty could increase by as much as 2.90%, to 24,98 trillion.
What do you think about Bitcoin’s global hashrate growing 47% during the last 12 months and tapping an all-time hashrate high on January 1, 2022? Please comment below to let us know your thoughts on this topic.
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