{"id":388882,"date":"2022-01-03T09:43:08","date_gmt":"2022-01-03T06:43:08","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/bitcoin-network-turns-13-celebrates-with-new-hash-rate-all-time-high\/"},"modified":"2022-01-03T09:43:08","modified_gmt":"2022-01-03T06:43:08","slug":"bitcoin-network-turns-13-celebrates-with-new-hash-rate-all-time-high","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/bitcoin-network-turns-13-celebrates-with-new-hash-rate-all-time-high\/","title":{"rendered":"# Bitcoin network turns 13, celebrates with new hash rate all-time high"},"content":{"rendered":"

“# Bitcoin network turns 13, celebrates with new hash rate all-time high <\/strong>”<\/p>\n

Today marks the 13th year since Bitcoin (BTC) creator Satoshi Nakamoto mined the genesis block or block 0 of the Bitcoin network, and for the first time mined a reward of 50 BTC back on Mon, 2009. Fast-forward to 2022, the BTC network shows no signs of slowing down by reaching a new all-time high hash rate of 207.53 million tera hashes per second (TH\/s).<\/p>\n

The Bitcoin hash rate, which correlates to the strength of the network based on the number of active miners, saw a temporary downfall after China banned citizens and businesses from pursuing crypto mining and trading activities. As a direct result of China\u2019s blanket ban on crypto a sudden shortage of miners, the Bitcoin hash rate fell to 58.46 million TH\/s. <\/p>\n

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BTC hash rate in June 2021. Source:\u00a0YCharts<\/a><\/figcaption><\/figure>\n

As evidenced by the above graph, the Bitcoin hash rate saw an eventual comeback as Chinese miners began migrating to friendly jurisdictions. On Jan. 1, 2022, the Bitcoin network recorded a new all-time high of 207.53 million TH\/s, reclaiming the network\u2019s security by increasing the mining difficulty.<\/p>\n

BTC hash rate in January 2022. Source: YCharts<\/a><\/figcaption><\/figure>\n

At the time of writing, the Bitcoin network hash rate stands at 190.64 million TH\/s, down 8.14% from its all-time high.<\/p>\n

Related: <\/strong>Bitcoin holdings of public companies have surged in 2021<\/em><\/strong><\/p>\n

BTC holdings of private corporations have significantly increased in the previous year, as revealed by on-chain analyst Willy Woo.<\/p>\n

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Since MicroStrategy’s “Bitcoin for Corporations” conference in Feb 2021, public companies* holding significant BTC have gained market share from spot ETFs** as a way to access BTC exposure on public equity markets.<\/p>\n

* MicroStrategy & public mining companies
** Mainly Grayscale pic.twitter.com\/e18OEfgiEW<\/a><\/p>\n

\u2014 Willy Woo (@woonomic) January 2, 2022<\/a><\/p><\/blockquote>\n