{"id":385007,"date":"2021-12-23T18:25:55","date_gmt":"2021-12-23T15:25:55","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/bitcoin-hash-rate-nears-record-200eh-s-as-100k-btc-turns-illiquid-every-month\/"},"modified":"2021-12-23T18:25:55","modified_gmt":"2021-12-23T15:25:55","slug":"bitcoin-hash-rate-nears-record-200eh-s-as-100k-btc-turns-illiquid-every-month","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/bitcoin-hash-rate-nears-record-200eh-s-as-100k-btc-turns-illiquid-every-month\/","title":{"rendered":"# Bitcoin hash rate nears record 200EH\/s as 100K BTC turns &#8216;illiquid&#8217; every month"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3fbfcb18979\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3fbfcb18979\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-hash-rate-nears-record-200eh-s-as-100k-btc-turns-illiquid-every-month\/#Hash_rate_vanquishes_specter_of_China\" >Hash rate vanquishes specter of China<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-hash-rate-nears-record-200eh-s-as-100k-btc-turns-illiquid-every-month\/#BTC_supply_ices_over_this_winter\" >BTC supply ices over this winter<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># Bitcoin hash rate nears record 200EH\/s as 100K BTC turns &#8216;illiquid&#8217; every month <\/strong>&#8221;<\/p>\n<div class=\"post-content\" data-v-128018ef>Bitcoin (BTC) is about to hit a new all-time high in one essential area \u2014 and major mining pools have likely already clinched the title.<\/p>\n<p>Data from monitoring resource MiningPoolStats <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/miningpoolstats.stream\/bitcoin\">shows<\/a> that, as of Dec. 20, the Bitcoin network hash rate is practically at its highest ever.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Hash_rate_vanquishes_specter_of_China\"><\/span>Hash rate vanquishes specter of China<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Despite the price comedown from $69,000, hash rate is steaming higher, and the chunk of computing power from known pools is now at a historic peak.<\/p>\n<p>Hash rate refers to the computing power dedicated to mining, and while impossible to measure exactly, estimates agree that Bitcoin is more enticing for miners \u2014 and therefore more secure \u2014 than ever before.<\/p>\n<p>The known pool hash rate sat at 182.4 exahashes per second (EH\/s) this week, with the total hash rate at 188.9 EH\/s.<\/p>\n<p>According to MiningPoolStats, only once before has the latter been higher, reaching 209.3 EH\/s in early May, just before the China miner rout. Known pools, on the other hand, have never been so busy.<\/p>\n<p>As such, the hash rate is not only fully recovered from the Chinese crackdown, but is now stronger than at any time in Bitcoin&#8217;s history.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-12\/4b4d735c-c590-4b1a-843d-aa0d650ae7e2.png\"><figcaption style=\"text-align: center;\"><em>Bitcoin hash rate chart. Source: MiningPoolStats<\/em><\/figcaption><\/figure>\n<h2><span class=\"ez-toc-section\" id=\"BTC_supply_ices_over_this_winter\"><\/span>BTC supply ices over this winter<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>As Cointelegraph reported, there <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ears to be little appetite to sell BTC at current price levels as miners and hodlers alike ferret away spare supply.<\/p>\n<p><strong><em>Related:\u00a0Bitcoin holds off on Santa rally as fund forecasts a new year &#8216;short squeeze&#8217;<\/em><\/strong><\/p>\n<p>Figures from on-chain analytics firm Glassnode confirmed the trend on Dec. 23, showing that the amount of the BTC supply going from a &#8220;liquid&#8221; to an &#8220;illiquid&#8221; state is now 100,000 BTC per month.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> supply is moving from a Liquid, to Illiquid state at a rate of 100k <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BTC<\/a> per mth.<\/p>\n<p>Illiquid coins are those sent to an address with little history of spending, <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/general\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"General\" target=\"_blank\" rel=\"noopener\">general<\/a>ly associated with investor accumulation, and bull market buyers.<\/p>\n<p>Live Chart: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/08CRwqLMpx\">https:\/\/t.co\/08CRwqLMpx<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/3iqTylLPYJ\">pic.twitter.com\/3iqTylLPYJ<\/a><\/p>\n<p>\u2014 glassnode (@glassnode) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/glassnode\/status\/1473429570984415235?ref_src=twsrc%5Etfw\">December 21, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The accumulation phase began thanks to the upheaval wrought by China, Glassnode shows. Further numbers <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/BTC_Archive\/status\/1473983443365158931\">highlight<\/a> a positive impact on price action resulting from illiquid supply movements.<\/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-nears-record-200eh-s-as-100k-btc-turns-illiquid-every-month\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Bitcoin hash rate nears record 200EH\/s as 100K BTC turns &#8216;illiquid&#8217; every month &#8221; Bitcoin (BTC) is about to hit a new all-time high in one essential area \u2014 and major mining pools have likely already clinched the title. Data from monitoring resource MiningPoolStats shows that, as of Dec. 20, the Bitcoin network hash&#8230;<\/p>\n","protected":false},"author":1,"featured_media":385008,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMTIvNWNhZWMzNjMtZWU2NC00NDliLTlmM2MtMzQ1ZTQyODkzYmNkLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74989,74937,73785],"class_list":["post-385007","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-bitcoin-mining","tag-bitcoin-price","tag-markets"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/385007","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=385007"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/385007\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/385008"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=385007"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=385007"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=385007"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}