The network hash rate jumped 31.69% — from 188.40 EH/s to 248.11 EH/s — in mere one day, any ensuring resilience against attacks on the Bitcoin network.
The Bitcoin (BTC) network has recorded a brand new hash rate incomparable high of 248.11M TH/s as of February. 12, 2022, additional securing the decentralized scheme through a growing network of world BTC miners.
The hash rate correlates to the computing power needed by a miner’s pc instrumentality to substantiate a dealings. The recent spike in BTC’s network hash rate ensures additional security against attacks by deterring bad actors from confirming fraudulent transactions.
As proven by the on top of screenshot, the network hash rate jumped 31.69% — from 188.40 EH/s to 248.11 EH/s — in only at some point. Moreover, the Bitcoin network’s hash rate levels rose 54.33% over the past year.
Previously, China’s blanket ban on crypto mining and trading led to considerations regarding the protection of the Bitcoin network, because the country contributed to 34.25% of the overall Bitcoin mining hash rate till June 2021.
With miners eventually finding refuge in alternative crypto-friendly countries, the Bitcoin network saw a pointy recovery — eventually surpassing the previous incomparable highs.
Currently, the miners residing within the united states contribute the very best in terms of the world hash rate of the Bitcoin network, 35.4%.
(Arijit Sarkar, Cointelegraph, 2022)