On-chain data shows the Bitcoin mining hashrate has seen a strong rebound off its recent lows and has just set a new all-time high (ATH).
Bitcoin 7-Day Average Mining Hashrate Has Shot Up To A New ATH
The “mining hashrate” refers to a metric that keeps track of the total amount of computing power connected to the Bitcoin blockchain by the miners.
When the value of this indicator goes up, it means that new miners are joining the network, and old ones are expanding their facilities. Such a trend implies that interest in blockchain mining is currently high.
On the other hand, the metric heading down implies some miners have decided to disconnect from the chain, potentially because they aren’t finding it profitable to mine anymore.
Now, here is a chart that shows the trend in the 7-day average Bitcoin mining hashrate over the past year:
As the above graph shows, the 7-day average Bitcoin mining hashrate had observed a notable drawdown just earlier, taking it to the lowest levels in
We współpracy z: https://bitcoinist.com/bitcoin-hashrate-rebounds-smashes-all-time-high/
