Bitcoin network hash rate explodes to a new all-time high of 248.11 EH/s

The Bitcoin (BTC) community has recorded a brand new hash charge all-time excessive of 248.11M TH/s as of Feb. 12, 2022, additional securing the decentralized ecosystem by means of a rising community of worldwide BTC miners. 

The hash charge correlates to the computing energy required by a miner’s laptop tools to substantiate a transaction. The latest spike in BTC’s community hash charge ensures additional safety towards assaults by deterring unhealthy actors from confirming fraudulent transactions.

As evidenced by the above screenshot, the community hash charge jumped 31.69% — from 188.40 EH/s to 248.11 EH/s — in simply at some point. Furthermore, the Bitcoin community’s hash charge ranges rose 54.33% over the previous 12 months. 

Beforehand, China’s blanket ban on crypto mining and buying and selling led to issues concerning the safety of the Bitcoin community, because the Asian nation contributed to 34.25% of the entire Bitcoin mining hash charge till June 2021. 

With miners ultimately discovering refuge in different crypto-friendly nations, the Bitcoin community noticed a pointy restoration — ultimately surpassing the earlier all-time highs.

At present, the miners residing in america contribute the very best when it comes to the worldwide hash charge of the Bitcoin community, 35.4%. 

Associated: Bitcoin miners consider international hash charge to develop ‘aggressively’

A latest Cointelegraph evaluation from January concluded that the business gamers consider that the BTC hash charge will proceed to develop. Regardless of the traders’ panic induced by the BTC value roller-coaster, business specialists identified that the Bitcoin community has change into verifiably stronger than ever earlier than.

Michael Levitt, co-founder chairman and CEO of Core Scientific, advised Cointelegraph that he absolutely anticipates for the BTC international hash charge to proceed rising at an aggressive tempo. Nevertheless, he talked about that this progress relies on the worth of Bitcoin shifting ahead, together with the success of the infrastructure at present being constructed.