Bitcoin network hash rate explodes to a new all-time high of 248.11 EH/s

The Bitcoin (BTC) web has recorded a caller hash complaint all-time precocious of 248.11M TH/s arsenic of Feb. 12, 2022, further securing the decentralized ecosystem done a increasing web of planetary BTC miners. 

The hash complaint correlates to the computing powerfulness required by a miner’s machine instrumentality to corroborate a transaction. The caller spike successful BTC’s web hash complaint ensures further information against attacks by deterring atrocious actors from confirming fraudulent transactions.

Bitcoin hash complaint implicit the past year. Source: YCharts

As evidenced by the supra screenshot, the web hash complaint jumped 31.69% — from 188.40 EH/s to 248.11 EH/s — successful conscionable 1 day. Moreover, the Bitcoin network’s hash complaint levels roseate 54.33% implicit the past year. 

Bitcoin hash complaint implicit the past 1 month. Source: YCharts

Previously, China’s broad prohibition connected crypto mining and trading led to concerns astir the information of the Bitcoin network, arsenic the Asian state contributed to 34.25% of the full Bitcoin mining hash complaint until June 2021. 

With miners yet uncovering refuge successful different crypto-friendly countries, the Bitcoin web saw a crisp betterment — yet surpassing the erstwhile all-time highs.

Bitcoin mining by country. Source: ccaf.io

Currently, the miners residing successful the United States lend the highest successful presumption of the planetary hash complaint of the Bitcoin network, 35.4%. 

Related: Bitcoin miners judge planetary hash complaint to turn ‘aggressively’

A caller Cointelegraph investigation from January concluded that the manufacture players judge that the BTC hash complaint volition proceed to grow. Despite the investors’ panic induced by the BTC terms roller-coaster, manufacture experts pointed retired that the Bitcoin web has go verifiably stronger than ever before.

Michael Levitt, co-founder president and CEO of Core Scientific, told Cointelegraph that helium afloat anticipates for the BTC planetary hash complaint to proceed increasing astatine an assertive pace. However, helium mentioned that this maturation is babelike connected the terms of Bitcoin moving forward, on with the occurrence of the infrastructure presently being built.