{"id":378568,"date":"2021-12-09T12:13:07","date_gmt":"2021-12-09T09:13:07","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/bitcoin-hash-rate-returns-to-all-time-high-levels\/"},"modified":"2021-12-09T12:13:07","modified_gmt":"2021-12-09T09:13:07","slug":"bitcoin-hash-rate-returns-to-all-time-high-levels","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/bitcoin-hash-rate-returns-to-all-time-high-levels\/","title":{"rendered":"# Bitcoin hash rate returns to all-time high levels"},"content":{"rendered":"<p>&#8220;<strong># Bitcoin hash rate returns to all-time high levels  <\/strong>&#8221;<\/p>\n<div class=\"post-content\" data-v-128018ef>The global hash rate of the Bitcoin network tanked\u00a0to as low as 84\u00a0exahashes per second (EH\/s) at the start of June following the Chinese government\u2019s crackdown on the crypto mining sector.<\/p>\n<p>According to Blockchain.com, the global hash rate has <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.blockchain.com\/charts\/hash-rate\">increased<\/a> by 108% since June, with the Bitcoin network performing at a rolling seven-day average of 175 EH\/s as of Wednesday. <\/p>\n<p>The figure is roughly 3% shy of peak levels of 180 EH\/s seen at the height of the previous bull cycle in May. It is a commonly held belief that the trends in hash rate <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/stats.buybitcoinworldwide.com\/hashrate-vs-price\/\">correspond<\/a>\u00a0with the price of Bitcoin (BTC), suggesting that there may be some positive price action on the horizon despite the overall gloomy sentiments\u00a0in the market at the moment. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-12\/67d31428-08fd-48e9-916f-18940c78cd79.png\" alt=\"\" title=\"\"><figcaption style=\"text-align: center;\"><em>Bitcoin&#8217;s total hash rate. Source: Blockchain.com<\/em><\/figcaption><\/figure>\n<p>The actuality of the global hash rate ATH is hard to determine, however, as a lot of popular platforms differ in their estimates of the history and current performance of the Bitcoin network. According to <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/bitinfocharts.com\/comparison\/bitcoin-hashrate.html#3y\">data<\/a> from BitInfoCharts, the ATH in May hit 197 EH\/s before dropping to the 68 EH\/s mark in June. As of Wednesday, the platform had Bitcoin\u2019s hash rate at 191 EH\/s, while YCharts has the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ycharts.com\/indicators\/bitcoin_network_hash_rate\">current<\/a> performance at 186 EH\/s. <\/p>\n<p>Prior to the ban, China-based Bitcoin miners accounted for a whopping 70% of the global hash rate. The landscape has shifted dramatically since then, with the United States becoming the nation that accounts for the majority of Bitcoin\u2019s hash rate at 42%, per estimates from the University of Cambridge\u2019s Bitcoin Electricity Consumption index. <\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/bitcoin-hash-rate-returns-to-all-time-high-levels\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Bitcoin hash rate returns to all-time high levels &#8221; The global hash rate of the Bitcoin network tanked\u00a0to as low as 84\u00a0exahashes per second (EH\/s) at the start of June following the Chinese government\u2019s crackdown on the crypto mining sector. According to Blockchain.com, the global hash rate has increased by 108% since June, with&#8230;<\/p>\n","protected":false},"author":1,"featured_media":378569,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMTIvNmRiZWJjZWYtZmNjZC00MzliLTg3NzUtMzY5MzRjYmI1Yzc4LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74989,74894,75462,4973,72366],"class_list":["post-378568","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-bitcoin-mining","tag-blockchain","tag-hash-rate","tag-china","tag-data"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/378568","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=378568"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/378568\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/378569"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=378568"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=378568"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=378568"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}