It has been 13 years since Satoshi Nakamoto, the founder of Bitcoin, dug a block in Genesis or Block 0 on the Bitcoin network on Monday, January 3, 2009, and won the first prize of 50 Bitcoin (BTC). – By 2022, the Bitcoin network shows no signs of slowing down and reaches a new hash rate of 207.53 per second (EH / s).

The hash rate of bitcoin, related to the network’s power in the number of active users, fell shortly after China banned citizens and businesses from producing and selling cryptocurrencies. . The hash rate for bitcoins dropped to 58.46 EH / s as a result of China’s total ban on cryptocurrencies, leading to a shortage of miners.

Bitcoin Fire Rate June 2021. Source: YCharts.
As can be seen from the chart above, the hash rate of bitcoin finally returned when Chinese miners began to move to the friendly zone. On Saturday, the Bitcoin network recorded a record high of 207.53 EH / s, restoring the network’s security by increasing the mining difficulty.

Bitcoin hashrate January 2022. Source: YCharts.
At the time of writing, the hash rate on the Bitcoin network is 190.64 EH / s, which is 8.14% lower than the all-time high.

Related: Bitcoin holdings of state-owned companies will rise to 2021

As network analyst Willy Woo noted, investment in BTC by private companies has risen significantly in the past year.

A Quintelgraph report on the subject states that Michael Sailor’s acquisition of MicroStrategy is more than $ 6 billion in cryptocurrencies. In December alone, the company received another $ 1,914 BTC worth $ 94 million.

Source: CoinTelegraph