Bitcoin Hashrate Hits New All-Time High

Bitcoin is now as safe and secure as ever after the network’s hashrate skyrocketed to a brand-new record of 203.5 exahashes per 2nd (EH/s) on January 2, according to information from Bitinfocharts.

Hashrate describes the overall combined computational power utilized to mine and procedure deals. The greater the hashrate, the more safe and secure the network is as the computing power needed to effectively assault likewise increases.

Over the last 12 months, Bitcoin’s hashrate has actually increased by 49% from the 136.5 EH/s tape-recorded on January 2, 2021.

The development is much more excellent– a tremendous 199.2%– when compared to the worths seen in July in 2015, when the hashrate dropped as low as 68 EH/s following China’s enormous crackdown on the mining market.

The network has actually been on a constant rebound considering that, with numerous significant Bitcoin mining operators transferring to other jurisdictions, consisting of the U.S. and Kazakhstan.

Meanwhile, Bitcoin mining problem– a procedure of how hard it is to mine brand-new coins– is forecasted to increase by another 2.57% later on today. According to, this would be spitting range from its previous record high tape-recorded last May, according to

Bitcoin Genesis Block Day

The network’s brand-new turning point came in the nick of time to mark the 13th anniversary of Bitcoin’s Genesis Block Day.

On January 3, 2009, Satoshi Nakamoto, the pseudonymous developer of Bitcoin, created the network’s block absolutely no, likewise called the Genesis Block, with its coinbase information including the popular heading from the British paper The Times: “Chancellor on edge of 2nd bailout for banks.”

While Nakamoto never ever exposed the significance of the message, lots of Bitcoin lovers see it as a recommendation to the real intentions behind Nakamoto’s creation: to develop a brand-new digital currency without intermediaries like banks.

“It was the start to the tranquil transformation that has actually altered countless lives, and quickly will alter billions of lives,” Bitcoin facilities business Blockstream composed in a tweet on Monday.

Notably, the Bitcoin Genesis Block was not really “mined” the exact same method the subsequent Bitcoin blocks were. Instead, it was hardcoded into the procedure software application, with the very first block getting here 6 days in the future January 9, 2009.

Bitcoin has actually considering that ended up being an $893 billion network, with nearly 15,000 nodes holding a complete or a partial copy of the world’s very first blockchain.

Whether these figures continue to turn into 2022 stays to be seen.



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