meaning
This metric shows the rate of change of the Bitcoin hash rate adjustment.
quick take
- Above 7DMA, Bitcoin’s hash rate hits 300 TH/s and continues to make new all-time highs.
- In 2023, we have lowered our hash rate only 5 times to demonstrate the consistency and current strength of our network.
- Hashrate has increased by 34% and 50% year-on-year over the past two years.
- The summer 2021 ban in China was the biggest event impacting hashrate, dropping 35%.
Post Bitcoin hash rate hits ATH after first seeing 34% YOY growth on CryptoSlate.