Complimenting the new hash rate ATH of 231.428 exahash per second, Bitcoin’s network problem stands at a powerful position of 30.283 trillion. 


 

Bitcoin (BTC) hash rate, a network security live based on computing power for mining, achieved a replacement incomparable  high (ATH) of 231.428 exahash per second (EH/s) amid an bear market bear market that witnesses BTC value plunging below the critical $25,000 mark. 

Hash rate is directly proportional to the computing power of mining equipment for confirming transactions, that deters bad actors from manipulating on-chain transactions. Complimenting the new hash rate ATH, the Bitcoin network issue stands at a strong position of 30.283 trillion. 

The estimated number of TH/s the Bitcoin network is performing in the last 24 hours. Source: Blockchain.com

Some of the most in style Bitcoin mining pools supported market share embody Poolin, AntPool, F2Pool, ViaBTC and SlushPool. However, a majority of the total hash rate is contributed by distributed miners, shown as ‘Others’ within the graph below. 

Despite the market crash that threatens to wipe various crypto comes out of existence, the Bitcoin ecosystem continues to strengthen its core by systematically recording new ATHs for hash rate, network issue and network capacity. 

In addition, the Bitcoin Lightning Network — the layer-2 technology built on Bitcoin — increased its capability to 4,000 BTC, furthering its goal to enable faster and cheaper peer-to-peer BTC transactions. 

With continued support from miners, traders and developers, Bitcoin remains well-positioned to be hosted on the most secure blockchain network in the world.

( Arijit Sarkar, Cointelegraph, 2022 )