While bitcoin’s price went through another steep correction in the past 24 hours, the network’s robustness only increases. The BTC hash rate recently tapped a new all-time high, while the mining difficulty went through a 9% positive adjustment, leading to a peak of its own.
Hash Rate and Mining Difficulty See ATHs
Ever since the summer of 2021, when the Chinese authorities ousted bitcoin miners and the hash rate dumped by 60% in weeks, the metric has been gradually recovering the lost ground. This led to nearing and eventually exceeding the previous peak, as CryptoPotato reported earlier in January this year.
The hash rate, the crucial metric showcasing the robustness of BTC’s network, continues to frequently register new ATHs, with the latest being at over 210 Ehash/s, according to BitInfoCharts.
Bitcoin Hash Rate. Source: BitInfoCharts
The increasing hash rate means that there’re more miners putting their computational devices to work on the world’s largest blockchain. Whil
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