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The Bitcoin hashrate has reached a new historical record



Bitcoin hashrate reached a new record yesterday with a record high of more than 130 million TH / s.

East peakFar from being sudden, it follows a period of constant growth that began in early 2019 and stopped only in mid-2019 and between November and December of the same year.

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Suffice it to say that in May of last year it did not exceed 50 million TH / s, although in August 2018 it had exceeded 60 million TH / s for the first time, while at the end of October it had almost reached 110 million.

As of January 2020 grew back, first at 120 and then yesterday for the first time at 130 million TH / s.

This growth is even more surprising when it is considered that in May the miner's reward will be reduced to half of the current 12.5 BTC per block to 6.25 BTC.

In addition, yesterday's peak was reached for a week when bitcoin price suffered, losing more than 10% in a week.

In light of these two considerations, that is, impending halving and falling prices, the ATH of the new Bitcoin hashrate is even more surprising, despite being the result of an increase that has been going on for more than a year. .

In this sense, there are those who point out that this could mean a more vivid interest than ever in the technology behind Bitcoin, and that the network is now growing thanks to the strength of its community and no longer largely thanks to speculation.

Short-term price movements do not seem to have a particular impact on hashrate, perhaps because the miners themselves are not interested in it, focusing more on long-term movements.

The increase in hashrate in the months before halving seems to suggest explicitly that miners they expect the value BTC increase in the months after halvingOtherwise, they would not invest in new machinery with the expectation that the reward would be reduced by half.

In other words, this new historical maximum seems to be A good sign for the medium-term future of bitcoin.


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