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Bitcoin network hash rate explodes to a new all-time high of 248.11 EH/s -Breaking

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© Reuters.

The (BTCThe ) network recorded an all-time record hash rate of 248.11M THR/s on February 12, 2022. This further secures the decentralized ecosystem via a growing number of BTC miners around the world.

The hash rate correlates to the computing power required by a miner’s computer equipment to confirm a transaction. The recent spike in BTC’s network hash rate ensures further security against attacks by deterring bad actors from confirming fraudulent transactions.

The Bitcoin hash rate in the last year. Source: YCharts
Over the past month, Bitcoin’s hash rate was approximately 1. Source: YCharts
Bitcoin mining by country. Source: ccaf.io