Bitcoin hash updated historic high

The total computing power of the Bitcoin network has reached an all-time high. On the first day of spring sherose to 136.264 EH / s.

Source: Blockchain.com

After growing by about 60% over the past year, in January-February, the hash rate was at the level of 100-110 EH / s.

Significant Growth Has Been Certainby surprise. In late January, due to the spread of the coronavirus epidemic in China, the largest manufacturers of mining equipment stopped working and postponed deliveries.

In some areas of the country, authorities have takenattempts to close Bitcoin farms due to quarantine. Restrictive measures did not give miners the opportunity to send failed ASICs for repair. According to CoinShares, the share of Chinese miners in the hashrate of the first cryptocurrency at the end of 2019 was 66%.

But in mid-February, the sales directorMicroBT (trademark of Whatsminer) said that production has begun and logistics is partially available. A sudden jump in the hash rate suggests that the supply of ASIC miners was at least partially resumed.

Let us remind you that in the fall the secondary market fell sharplyprices for the once popular ASICs, including models of the Antminer S9 line from Bitmain. Experts explained this by upgrading equipment in anticipation of the halving - after it, old models will become unprofitable.