Bitcoin network turns 13, celebrates with new hash rate all-time high

Source: CoinTelegraph

“Monday marks the 13th year since Bitcoin’s creator, Satoshi Nakamoto, mined the genesis block, or block 0, of the Bitcoin network and, for the first time, mined a reward of 50 Bitcoin (BTC) back on Jan. 3, 2009. Fast-forward to 2022, the Bitcoin network shows no signs of slowing down, reaching a new all-time high hash rate of 207.53 exahashes per second (EH/s). The Bitcoin hash rate, which correlates to the strength of the network based on the number of active miners, saw a temporary downfall after China banned citizens and businesses from pursuing crypto mining and trading activities. Bitcoin’s hash rate saw an eventual comeback as Chinese miners began migrating to friendly jurisdictions. On Saturday, the Bitcoin network recorded a new all-time high of 207.53 EH/s, reclaiming the network’s security by increasing the mining difficulty.” (01/03/22)

https://cointelegraph.com/news/bitcoin-network-turns-13-celebrates-with-new-hash-rate-all-time-high