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 New Milestone
The processing power and security dedicated to the Bitcoin (BTC) network has never been higher and the network reached a milestone in 2022. According to the one-year hash chart hosted on coinwarz.com, the hash rate of BTC peaked at 209.39 EH / s on January 1, 2022. At the time of writing, the hashrate still tracks the two hundred and three quintillion hashes per second (H / s) zone, and 30-day statistics indicate that the network briefly operated 224.32 EH / s on Saturday. .
Bitcoin.com News recently reported on the BTC network reaching 194.95 EH/s not too long ago 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 hit 1.0122 PH / s and today’s metrics show ETH’s hashrate is still above 1 PH / s on Sunday. On January 3, 2021, Bitcoin’s hashrate was 141.55 EH / s, which is 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. At the time of writing, the largest bitcoin mining pool is Foundry USA with 19.45% of the global hashpower or 34.79 EH/s. The second-largest mining pool in terms of global hashrate is Antpool with 16.91% of the hashrate or 30.25 EH/s.
There are only 11 known mining pools today that mine for BTC and 3.81% of the world’s hashrate is from unknown hash miners or stealth. BTC miners have faced two increases in bitcoin mining difficulty over the past two eras. On December 11 the difficulty jumped 8.33% and on December 25 it increased by 0.32%. Bitcoin’s next mining difficulty change will bring it terribly close to the all-time high of $ 25 trillion in difficulty. In just over five days, the difficulty is expected to increase 2.90% to 24.98 trillion.
