January 23, 2022

Bitcoin hashrate hits all-time high

On January 14, the indicator exceeded 215 Eh/s (exahash). The hashrate of the first cryptocurrency recovered sharply after decline to 170 Eh/s last week.

On December 14, the bitcoin hashrate updated the historicalthe maximum is above 215 Eh/s (exahash), according to the analytics company Glassnode. The figure rose sharply after falling to 170 Eh/s last week, which was caused by the shutdown of the Internet and unrest in Kazakhstan. The country accounts for 18% of the world's bitcoin mining capacity.

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At the beginning of December 2021, the hashrate of the firstcryptocurrencies recovered to the values ​​that were observed before the introduction of a complete ban on the mining of cryptocurrencies in China. The Chinese provinces began to introduce the first mining bans at the end of May last year.

In July 2021, the State EnergyChina Corporation has officially issued a requirement to all its customers not to use electricity for mining any cryptocurrencies in all regions of the country. The migration of miners from China provoked the largest drop in the hash rate in the history of bitcoin. In July last year, the indicator reached a minimum since 2019 at around 84 Eh / s (a decrease of 53% from the maximum). Since then, it has grown by 156%.

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