The difficulty of mining the first cryptocurrency is 30,28 T

Bitcoin network hashrate hit all-time high after the BTC rate falls

13.06.2022 - 11:50


1 min

What’s new? The bitcoin network hashrate has updated the maximum and amounted to 231,4 EH/s, according to This came after the price of BTC dropped below $25 000 for the first time since December 2020. The first cryptocurrency’s mining difficulty reached a figure of 30,28 T. As of June 13, 11:30 UCT, bitcoin is trading at $23 775, according to Binance.

Data by

Hashrate is the total computational power in the bitcoin network. The mining difficulty determines the amount of computing power it takes to find a new block in the blockchain. The parameter changes every 2016 blocks, or about once every two weeks. This ensures that the time it takes to find a block is around 10 minutes.

In mid-May 2022, China returned to second place in the global bitcoin hashrate, despite the fact that cryptocurrencies and their mining are banned in the country. The PRC accounts for 21% of the computing capacity for BTC mining. In first place is the United States with an indicator of 37,8%.

In early April, analysts at Arcane Research reported that public companies accounted for 19% of bitcoin’s total hashrate. In January 2021, this figure reached only 3%. The analysts say that more and more mining companies are entering the stock exchanges, with 26 in April.

Subscribe to Getblock Magazine and stay up to date with the latest news from the world of cryptocurrencies and the digital economy