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0.2 Zettahash: Bitcoin’s Hashrate Taps New Lifetime High, Mining Difficulty Nears ATH

News Feed - 2022-01-03 04:01:01

0.2 Zettahash: Bitcoin"s Hashrate Taps New Lifetime High, Mining Difficulty Nears ATH


Bitcoin’s hashrate tapped a lifetime high on the first day of 2022 reaching 209.39 exahash per second (EH/s). During the last 12 months, Bitcoin’s hashrate has increased by 47.92% from the 141.55 EH/s recorded on January 3, 2021. Bitcoin’s Hashpower Reaches a New Milestone


The processing power and security dedicated to the Bitcoin (BTC) network has never been higher, and the network tapped a milestone in 2022. According to the one-year hashrate chart hosted on coinwarz.com, BTC’s hashrate tapped a high of 209.39 EH/s on January 1, 2022. At the time of writing, the hashrate is still coasting along the two hundred three quintillion hashes per second (H/s) zone, and 30-day statistics indicate the network briefly tapped 224.32 EH/s on Saturday. Bitcoin’s hashrate tapped an all-time high on January 1, 2022. 200 exahash per second (EH/s) or 200,000 petahash per second (PH/s) equates to 0.2 zettahash per second (ZH/s).


Bitcoin.com News recently reported on the BTC network reaching 194.95 EH/s not too long ago on December 8, 2021. It’s also worth noting that the Ethereum (ETH) network also reached an all-time high tapping 1 petahash per second (PH/s). On the third day of 2021, BTC’s hashrate was around 141.55 EH/s.


On December 22, 2021, the Ethereum network reached 1.0122 PH/s and today’s metrics show ETH’s hashrate is still above the 1 PH/s on Sunday. On January 3, 2021, Bitcoin’s hashrate was 141.55 EH/s or 47.92% lower than today’s BTC hashpower statistics. Hashrate Climbs Over 200% Since China’s Bitcoin Mining Crackdown, Mining Difficulty Nears All-Time High


Moreover, on June 28, 2021, China’s crackdown against BTC miners caused the hashrate to plummet to 69.11 EH/s. The network’s hashrate has grown ​​202.98% since that day as a great majority of mining operations relocated to other countries. At the time of writing, the largest bitcoin mining pool is Foundry USA with 19.45% of the global hashpower or 34.79 EH/s. The second-largest mining pool in terms of global hashrate is Antpool with 16.91% of the hashrate or 30.25 EH/s.


There’s only 11 known mining pools mining BTC today and 3.81% of the global hashrate stems from unknown hash or stealth miners. BTC miners have faced two bitcoin mining difficulty increases during the last two epochs. On December 11, the difficulty jumped 8.33% and on the 25th of December, it increased by 0.32%. Bitcoin’s next mining difficulty change will bring it awfully close to the difficulty’s all-time high at 25 trillion. In just over five days, the difficulty is expected to increase by 2.90% to 24.98 trillion. Tags in this story 209 EH/s, All time high, Antpool, Bitcoin, Bitcoin (BTC), Bitcoin hashrate, Bitcoin mining, block rewards, BTC Hashrate, BTC rewards, difficulty, Exahash, F2Pool, Foundry USA, hashrate ATH, Jan 1 2022, mining, mining bitcoin, Mining Bitcoins, Mining BTC, Mining Difficulty, Mining Pools, mining rigs, Stealth Miners, Terahash, Unknown hashrate


What do you think about Bitcoin’s global hashrate growing 47% during the last 12 months and tapping an all-time hashrate high on January 1, 2022? Let us know what you think about this subject in the comments section below. Jamie Redman


Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News about the disruptive protocols emerging today. Power Outages in Russia’s Irkutsk Region Blamed on Home Miners MINING | 2 hours ago Kazakhstan Mulls Nuclear Power to Deal With Electricity Shortages Blamed on Crypto Miners MINING | 3 days ago


Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleIndia’s Central Bank RBI Says Crypto Is Prone to Fraud and Poses Immediate Risks to Consumer Protection Next articlePower Outages in Russia’s Irkutsk Region Blamed on Home Miners Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItTokenized Bitcoin in Circulation Nears a Half Million BTC, Bitcoin-Pegged Token Value Exceeds $21 Billion


According to data recorded on December 28, there’s approximately 434,265.43 bitcoin-pegged or wrapped bitcoin tokens worth more than $21.3 billion across several blockchains. Ten different bitcoin-pegged projects exist today and the project Wrapped Bitcoin dominates 59.66% of all the tokenized ... read more.Bank of Russia to Collect Data on Crypto-Related Transactions Between Individuals Crypto Scammer Arrested in Bangkok After Fleeing With 500 Million Baht This Year"s Top 10 Crypto Asset Gainers Outshined BTC"s and ETH"s 12-Month Returns India"s Swadeshi Jagran Manch Calls for Outright Ban on Cryptocurrency

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