Coinciding with the 13th anniversary of the creation of the first Bitcoin block, the network hit an important milestone in terms of its network hash rate.
The year started on a rather bland note, far below the bold predictions made by several notable Bitcoin proponents in terms of BTC’s price. While 2021 was quite impressive, the cryptocurrency market entered a familiar territory of extreme fear as it began the first week of 2022.
In contrast, though, Bitcoin’s hash rate has registered a new all-time high, indicating that the network’s robustness has never been more secure., the Bitcoin hash rate has maintained an upward trajectory since hitting multi-year lows around six months ago. The drop was temporary but damaging as the metric fell below 60 EH/s.
It was triggered by the Chinese miner exodus due to the country-wide ban on mining and trading activities. The recovery has been quick and substantial, demonstrating the strength and resilience of the robust network.Interestingly, the latest spike to the new ATH comes on the heels of a crucial day for the network – on the 13th anniversary of.
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