{"id":439226,"date":"2022-04-28T16:54:14","date_gmt":"2022-04-28T13:54:14","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/bitcoin-network-hash-rate-hit-a-new-record-high-amid-price-volatility\/"},"modified":"2022-04-28T16:54:14","modified_gmt":"2022-04-28T13:54:14","slug":"bitcoin-network-hash-rate-hit-a-new-record-high-amid-price-volatility","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/bitcoin-network-hash-rate-hit-a-new-record-high-amid-price-volatility\/","title":{"rendered":"# Bitcoin network hash rate hit a new record high amid price volatility"},"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-6a33e47e1d2e6\" 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-6a33e47e1d2e6\" 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-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-network-hash-rate-hit-a-new-record-high-amid-price-volatility\/#%E2%80%9D_Bitcoin_network_hash_rate_hit_a_new_record_high_amid_price_volatility_%E2%80%9C\" >&#8221; Bitcoin network hash rate hit a new record high amid price volatility  &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Bitcoin_network_hash_rate_hit_a_new_record_high_amid_price_volatility_%E2%80%9C\"><\/span>&#8221; Bitcoin network hash rate hit a new record high amid price volatility  &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div class=\"post-content\" data-v-2a0745c6>The hash rate of the Bitcoin (BTC)\u00a0network hit a new ATH, even when the price of the top cryptocurrency struggled to get past the $40,000 mark.<\/p>\n<p>The network&#8217;s hash rate hit a new record high of 258 EH\/s on Thursday before settling around the 220 EH\/s mark.\u00a0<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-04\/a38eab98-68b3-4b4c-b72f-c25947fcb7a3.png\"><\/figure>\n<p>The recent rise in the BTC network hash rate signifies the growing number of miners on the blockchain. The Bitcoin network hash rate has grown more than 400% since the Chinese crypto mining ban last year when it fell below 70 EH\/s.<\/p>\n<p>The Bitcoin network managed to recover from the significant hash rate drop by the end of last year and has only grown in 2022. <\/p>\n<p>Bitcoin network also saw an increase in mining difficulty to new historic highs, reaching 29.70 trillion. The mining difficulty is adjusted to keep the block generation time of 10 minutes constant. A rise in the mining difficulty signifies that more miners are competing against each other to mine the next block.<\/p>\n<p><strong><em>Related:\u00a0Bitcoin miners believe global hash rate to grow \u2018aggressively\u2019<\/em><\/strong><\/p>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/btc.com\/stats\/diff\">According<\/a> to data\u00a0from BTC.com, Bitcoin mining difficulty increased by 5% on April 27 and has seen three positive re-adjustments and two negative ones in 2022. The next difficulty adjustment is slated for May 10.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-04\/9885f172-6514-4e78-8a12-d185e259b9d9.png\"><\/figure>\n<p>Bitcoin network has stood the test of times and various regulatory onslaughts. The rise in mining difficulty and network hash rate also comes at a time when there is a significant push for Bitcoin\u2019s change to proof-of-stake from its current proof-of-work mining consensus. <\/p>\n<p>Greenpeace, along with other climate groups and co-founder and executive chairman of Ripple (XRP) Chris Larsen, has\u00a0launched a new campaign aimed at changing Bitcoin to a more environmentally friendly consensus model. However, core Bitcoin proponents continue to advocate for the current mining mechanism as it offers true decentralization.<\/p>\n<p>While Bitcoin\u2019s energy consumption has become a controversial topic, it has often been used to peddle fake narratives such as \u201cBTC will use up all the energy by 2022.\u201d With BTC gaining mainstream popularity, clean mining has become a priority for several mining companies.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/p>\n<\/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-network-hash-rate-hit-a-new-record-high-amid-price-volatility\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Bitcoin network hash rate hit a new record high amid price volatility &#8220; The hash rate of the Bitcoin (BTC)\u00a0network hit a new ATH, even when the price of the top cryptocurrency struggled to get past the $40,000 mark. The network&#8217;s hash rate hit a new record high of 258 EH\/s on Thursday before&#8230;<\/p>\n","protected":false},"author":1,"featured_media":439227,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDQvYWI0MGM3ODYtM2JmNC00NGRjLWJmY2QtNjFkMzBiNWEwMmY0LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74989,74982,75462,78423],"class_list":["post-439226","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-bitcoin-mining","tag-btc-markets","tag-hash-rate","tag-mining-pools"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/439226","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=439226"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/439226\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/439227"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=439226"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=439226"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=439226"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}