Bitcoin's hashrate has reached its maximum performance over the past four months.

The total computational power in the Bitcoin network reached the indicators of the beginning of November last year, which is the maximum level for these last four months.

So, according to Blockchain.com , on Tuesday, March 19, this figure was more than 52 EH / s.

Recall, hash rate is understood as the total computing power of mining equipment involved in the process of cryptocurrency mining.

As experts have repeatedly reminded earlier, the price of Bitcoin follows the hashrate, and the growth of this indicator indicates that optimism in the market, in particular among miners, is not only preserved, but also increasing.

Hashrate follows price. Some folks believe price doesn’t track ~ spot ~ price, but rather tracks some speculative ~ future price. Miners are speculators too!

– Jameson Lopp (@lopp) June 23, 2018

Note that the historical maximum of the hashrate in the Bitcoin network was recorded in August 2018 – then this figure was approximately 62 EH / s.

It is also worth noting that the current level of hashrate is more than four times higher than the figures that could be observed in December 2017, when the price of Bitcoin rose to a historical maximum of around $ 20,000.

At the same time, the complexity of Bitcoin, despite the increased hashrate, is still at the levels of early February.

Data: Bitcoinwisdom

As BlockchainJournal wrote earlier, as of the beginning of March, about 75% of Bitcoin hashrate was under the control of six mining pools, half of which are directly or indirectly controlled by the Chinese company Bitmain.

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