CryptoPotato
CryptoPotato
  • Crypto News
  • Margin Trading
  • Guides
    • Bitcoin & Crypto Guides 101
    • Bitcoin For Beginners
    • Editorials
  • DeFi & NFT
  • Buy
  • Language
  • Crypto News
  • Bitcoin For Beginners
  • Cryptocurrency Guides 101
  • Editorials
  • Bitcoin & Crypto Margin Trading
  • DeFi & NFT News
  • Bitcoin Price Analysis
  • CryptoPotato Crypto Fund
  • Ethereum (ETH) Price Analysis
  • Ripple (XRP) Price Analysis
  • Market Updates
  • Interviews
  • Buy Bitcoin with Card
  • bitcoin
    BTC$27,055.00
  • ethereum
    ETH$1,710.37
    • Market Updates
    • BTC Analysis
    • ETH Analysis
    • XRP Analysis
    • Interviews
    • Opinions
    CryptoPotato
    CryptoPotato
    • Crypto News
    • Margin Trading
    • Guides
      • Bitcoin & Crypto Guides 101
      • Bitcoin For Beginners
      • Editorials
    • DeFi & NFT
    • Buy
    • Language
    • Crypto News
    • Bitcoin For Beginners
    • Cryptocurrency Guides 101
    • Editorials
    • Bitcoin & Crypto Margin Trading
    • DeFi & NFT News
    • Bitcoin Price Analysis
    • CryptoPotato Crypto Fund
    • Ethereum (ETH) Price Analysis
    • Ripple (XRP) Price Analysis
    • Market Updates
    • Interviews
    • Buy Bitcoin with Card
    Home » Crypto News » Bitcoin Hashrate Hits New All-Time-High As Miners Remain Bullish

    Bitcoin Hashrate Hits New All-Time-High As Miners Remain Bullish

    Author: Mandy Williams

    Last Updated Mar 2, 2020 @ 17:11

    Bitcoin’s hash rate just hit another new all-time high of 136 EH/s, an indication that miners are not backing out despite the recent selling pressure which led to a slump in the price of BTC last week.

    Miners Are Bullish On Bitcoin

    Data on Blockchain.com suggests that Bitcoin’s hash rate has been increasing steadily since the start of 2019. And now the network is processing as much as 136 quintillion hashes per second, which is about 25 quintillion increase since the last ATH in December last year. 

    btc_hashrate
    Bitcoin Hashrate. Source: blockchain.com

    The continuous increase in the hash rate shows that miners are not very much bothered about the current price of Bitcoin, perhaps, because they are very confident about the potentials of the cryptocurrency. 

    Although the 2018 bear market forced some companies out of the mining industry, the latest data suggests that new miners are joining the game, and they could be investing in improved rigs and equipment.

    This comes just about 70 estimated days before Bitcoin’s halving which is arguably one of the most important events of the year. It will reduce the block rewards from 12.5 to 6.25 BTC. That would lead to fiercer competition among miners, which would push the hash rate to newer ATHs over the coming months. 

    ADVERTISEMENT

    China Continues To Lead Bitcoin Mining

    China, no doubt, has the largest market when in the bitcoin mining sector as it houses the major mining giants. As the nation continues to battle the coronavirus outbreak, the government had to take several measures to contain the epidemic. 

    As expected, many businesses across different the country were affected. According to reports, the police had to shut down a bitcoin mining farm as a result of such measures. Three other hardware manufacturers in the country, including Bitmain and Canaan, also had to delay their after-sale services last month due to the impact of the outbreak.

    SPECIAL OFFER (Sponsored)
    Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).

    PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to receive up to $7,000 on your deposits.

    You Might Also Like:

    • Bitcoin Hashrate Hits New All-Time High as Price Pushes for $11,000
    • bakkt-min (1)
      Bakkt 'Physically Delivered' Bitcoin Futures Post New All-Time High
    • bitcoin_lava_flow_cover
      Bitcoin Miners' Exchange Flow Surges By 270%: Possible Price Dip Incoming?
    Tags: Bitcoin China Mining
    Enjoy reading? Share with your friends
    Facebook Twitter LinkedIn Telegram

    About The Author

    Mandy Williams
    More posts by this author

    Mandy Williams is a full-time reporter at CryptoPotato. She joined the cryptocurrency space in early 2017 during her search for financial freedom and has remained devoted to the industry.
    Contact Mandy: Twitter

  • bitcoin
    BTC$27,055.00
  • ethereum
    ETH$1,710.37
  • Join Our Community

    FacebookTwitter YouTubeTelegram


    Editorials
    15 Months Later, What Changed Since November 2021? Interview With Phantom Wallet CEO

    15 Months Later, What Changed Since November 2021? Interview With Phantom Wallet CEO

    Artificial Intelligence & Crypto Guide: Here Are the Top 5 AI Coins

    Artificial Intelligence & Crypto Guide: Here Are the Top 5 AI Coins

    How to Keep Your Crypto Safe, MetaMask Future Plans, and Digital Identities: Talking Wallets With PM Alex Jupiter

    How to Keep Your Crypto Safe, MetaMask Future Plans, and Digital Identities: Talking Wallets With PM Alex Jupiter

    What is Optimism (OP): Guide to One of Ethereum’s Layer-Two Scaling Solutions

    What is Optimism (OP): Guide to One of Ethereum’s Layer-Two Scaling Solutions

    Why ZK-Rollups Are the Future of Ethereum Scaling: Interview with StarkWare PM Gal Ron

    Why ZK-Rollups Are the Future of Ethereum Scaling: Interview with StarkWare PM Gal Ron

    2022 Was Crypto’s Dot Com Bust: Let’s Recap Tech Stocks After 2000 (Opinion)

    2022 Was Crypto’s Dot Com Bust: Let’s Recap Tech Stocks After 2000 (Opinion)

    How Long Will the Ethereum LSD Narrative Last? Talking 2023 Trends with Nansen’s Martin Lee

    How Long Will the Ethereum LSD Narrative Last? Talking 2023 Trends with Nansen’s Martin Lee

    Join Our Newsletter
    Become a CryptoPotato VIP
    One Weekly Email Can Change Your Crypto Life.
    Sign-up FREE to receive our extended weekly market update and coin analysis report
    We NEVER send spam. You can unsubscribe at any time.
    Invalid email address
    Thanks for subscribing!
    Footer Logo
    About
    Advertise on CryptoPotato
    About Us | Contact Us | Careers
    Editorial Policy
    Terms of service | Privacy Policy | GDPR
    More Sections
    IEO List | Evaluations
    Airdrops
    Scholarship
    Disclaimer
    Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. Full disclaimer
    © Copyright CryptoPotato 2016 - 2021
    Scroll to top
    One Weekly Email Can Change Your Crypto Life.

    Sign-up FREE to receive our extended weekly market update and coin analysis report

    We never send SPAM. You can unsubscribe at any moment
    Invalid email address
    Thanks for subscribing!