Bitcoin's hashrate exploded by 31% yesterday. Clocking in at 248 million terahashes per second, that's a new all-time high.
Despite the ongoing geopolitical uncertainty and economic turmoil throughout the world, Bitcoin’s network continues to get more robust. Following a recent spike, its hashrate reached yet another all-time high.
It goes without saying that there’s a lot of economic turmoil and geopolitical uncertainty as international tension surrounding the relationship between Ukraine and Russia intensifies.
Meanwhile, market participants are eagerly anticipating hinted rate hikes as inflation numbers keep getting higher.
As CryptoPotato reported earlier this week, the Consumer Price Index in the United States clocked in at 7.5%, exceeding expectations.
Amid all this, Bitcoin’s network keeps getting more robust.
Data from BlockchainCom reveals that from February 11th to February 12th, the hashrate spiked by as much as 31%.
The estimated number of terahashes per second the BTC network performs in the last 24 hours currently sits at 248.11 million per second – a new all-time high value.
Bitcoin’s Hashrate. Source: BlockchainCom
It’s worth noting, though, that these are raw values. The 7-day average is not at an all-time high, although the 30-day average is.
Georgi Georgiev is CryptoPotato's editor-in-chief and seasoned writer with over four years of experience writing about blockchain and cryptocurrencies. Georgi's passion for Bitcoin and cryptocurrencies bloomed in late 2016 and he hasn't looked back since. Crypto’s technological and economic implications are what interest him most, and he has one eye turned to the market whenever he’s not sleeping. Contact George: LinkedIn
