{"id":543846,"date":"2023-01-26T11:55:13","date_gmt":"2023-01-26T08:55:13","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/bitcoin-hash-rate-taps-new-milestone-with-miner-hodling-at-1-year-low\/"},"modified":"2023-01-26T11:55:13","modified_gmt":"2023-01-26T08:55:13","slug":"bitcoin-hash-rate-taps-new-milestone-with-miner-hodling-at-1-year-low","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/bitcoin-hash-rate-taps-new-milestone-with-miner-hodling-at-1-year-low\/","title":{"rendered":"# Bitcoin hash rate taps new milestone with miner hodling at 1-year low"},"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-6a40738eeb467\" 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-6a40738eeb467\" 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-hash-rate-taps-new-milestone-with-miner-hodling-at-1-year-low\/#%E2%80%9D_Bitcoin_hash_rate_taps_new_milestone_with_miner_hodling_at_1-year_low_%E2%80%9C\" >&#8221; Bitcoin hash rate taps new milestone with miner hodling at 1-year low &#8220;<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-hash-rate-taps-new-milestone-with-miner-hodling-at-1-year-low\/#Hash_rate_passes_300_EHs_threshold\" >Hash rate passes 300 EH\/s threshold<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-hash-rate-taps-new-milestone-with-miner-hodling-at-1-year-low\/#Miners_get_chance_to_balance_books\" >Miners get chance to balance books<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Bitcoin_hash_rate_taps_new_milestone_with_miner_hodling_at_1-year_low_%E2%80%9C\"><\/span>&#8221; Bitcoin hash rate taps new milestone with miner hodling at 1-year low &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div class=\"post-content\" data-v-5a4050f8>Bitcoin (BTC) is seeing new records in network activity as volatility sends BTC price action to fresh five-month highs.<\/p>\n<p>Data from resources including <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/miningpoolstats.stream\/bitcoin\">MiningPoolStats<\/a> confirms that Bitcoin\u2019s hash rate hit new all-time highs on Jan. 26.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Hash_rate_passes_300_EHs_threshold\"><\/span>Hash rate passes 300 EH\/s threshold<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>In another example of Bitcoin\u2019s blitz recovery from the pits of post-FTX woes, network hashing power is now bigger than ever.<\/p>\n<p>Hash rate, which is an expression of the processing power dedicated to the network by miners, is currently at 321 exahashes-per-second (EH\/s), according to MiningPoolStats raw data.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2023-01\/91d5200f-a24f-4421-9897-face66d0baaf.png\"><figcaption style=\"text-align: center;\"><em>Bitcoin hash rate raw data chart (screenshot). Source: MiningPoolStats<\/em><\/figcaption><\/figure>\n<p>Despite being only an estimate and impossible to measure entirely accurately, the latest readings are quite the feat, having never crossed the 300 EH\/s level before.<\/p>\n<p>Mining firm Braiins likewise <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/BraiinsMining\/status\/1618327727500849152\">confirmed<\/a> the numbers in its live reporting feed.<\/p>\n<p>Other trackers from <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/btc.com\/stats\/diff\">BTC.com<\/a> and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.blockchain.com\/explorer\/charts\/hash-rate\">Blockchain.com<\/a> have slightly lower estimates, both being around 275 EH\/s on the day. The latter shows hash rate hitting an all-time high of 276.8 EH\/s on Jan. 20.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2023-01\/a51e4b34-a3c7-426b-826a-36b9c436c6e4.png\"><figcaption style=\"text-align: center;\"><em>Bitcoin hash rate chart (screenshot). Source: Blockchain<\/em><\/figcaption><\/figure>\n<p>\u201cYour wealth is more secure than ever!\u201d popular commentator BTC Archive <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/BTC_Archive\/status\/1618193683928743941\">wrote<\/a> in part of a <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> response to the data, indicative of improving sentiment across the Bitcoin space.<\/p>\n<p>Hash rate is a key component of Bitcoin security and significant drawdowns result in network difficulty rising to entice more miners to participate.<\/p>\n<p>Network difficulty is also set to reach levels never seen before this week in a nod to fierce competition in the mining sector.<\/p>\n<p>According to data from BTC.com, the next automated readjustment will send difficulty an estimated 2.75% higher to 38.62 trillion.<\/p>\n<p>The previous readjustment delivered a 10.26% increase, Bitcoin\u2019s largest since October 2022 and only the second double-digit hike since mid-2021.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2023-01\/c6e021e0-9e6e-4429-a2a0-da43c8a8317a.png\"><figcaption style=\"text-align: center;\"><em>Bitcoin network fundamentals overview (screenshot). Source: BTC.com<\/em><\/figcaption><\/figure>\n<h2><span class=\"ez-toc-section\" id=\"Miners_get_chance_to_balance_books\"><\/span>Miners get chance to balance books<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Analyzing the climate, CoinLupin, a contributor at on-chain data platform CryptoQuant, warned that miners are still selling their BTC reserves, possibly to shore up capital in the event of a market reversal.<\/p>\n<p><strong><em>Related:\u00a0Bitcoin faces \u2018considerable danger\u2019 from Fed in 2023 \u2014 Lyn Alden<\/em><\/strong><\/p>\n<p>\u201cNow they have improved profitability for the first time in a while, and mining costs are lower than Bitcoin prices. Normally, more active mining and holding could occur, but now they seem to see it as an opportunity to secure cash,\u201d he <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cryptoquant.com\/quicktake\/63cf8aadd75e2b7d99368757-Do-miners-see-it-as-an-opportunity-to-write-off\">wrote<\/a> in a blog post, describing reserves as \u201cdeclining at a rapid\u201d pace.<\/p>\n<blockquote><p>\u201cOne day price adjustment could h<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>en in the section where they get enough cash and start collecting Bitcoin again. They constantly reduce their Bitcoin holdings during the rise.\u201d<\/p><\/blockquote>\n<p>CryptoQuant\u2019s miner position index, which measures BTC outflows to exchanges from miner wallets relative to their one-year moving average, has captured several withdrawal spikes since Jan. 14.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2023-01\/627de453-9878-43ba-b343-8c2adcf4d063.png\"><figcaption style=\"text-align: center;\"><em>Bitcoin miner position index chart. Source: CryptoQuant<\/em><\/figcaption><\/figure>\n<p>At 1,837,138 BTC, miners\u2019 reserves currently stand at their lowest since December 2021.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2023-01\/74164b7f-5017-4c2b-bf47-e3a72bf80c46.png\"><figcaption style=\"text-align: center;\"><em>Bitcoin miner reserve chart. Source: CryptoQuant<\/em><\/figcaption><\/figure>\n<p class=\"post-content__disclaimer\">The views, thoughts and opinions expressed here are the authors\u2019 alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.\n<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\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-taps-new-milestone-with-miner-hodling-at-1-year-low\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Bitcoin hash rate taps new milestone with miner hodling at 1-year low &#8220; Bitcoin (BTC) is seeing new records in network activity as volatility sends BTC price action to fresh five-month highs. Data from resources including MiningPoolStats confirms that Bitcoin\u2019s hash rate hit new all-time highs on Jan. 26. Hash rate passes 300 EH\/s&#8230;<\/p>\n","protected":false},"author":1,"featured_media":543847,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/cdn-cgi\/image\/format=auto,onerror=redirect,quality=90,width=1200\/https:\/\/s3.cointelegraph.com\/uploads\/2023-01\/b90fd302-2c23-4a23-9a07-58d5ba94679f.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74989,74937,75462,73785],"class_list":["post-543846","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-bitcoin-mining","tag-bitcoin-price","tag-hash-rate","tag-markets"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/543846","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=543846"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/543846\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/543847"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=543846"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=543846"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=543846"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}