The hateful hash rate of the Bitcoin (BTC) network has hit new all-time highs to marking the cryptocurrency'due south latest technical achievement, fresh data suggests.

Compiled by monitoring resource Glassnode, a new analysis of Bitcoin's historical hash rate shows that on Jan. 7, the mean value reached 119 quintillion hashes per second — its all-time ever at the time.

Bitcoin hash rate (1-day moving average) versus price

Bitcoin hash charge per unit (ane-24-hour interval moving average) versus cost. Source: Glassnode

Consensus on BTC hash charge per unit record

Hash rate refers to the amount of computing power miners are using to validate the Bitcoin blockchain. The more ability, the more notionally secure the blockchain is. A large hash rate can too be taken as a statement of the attractiveness of mining for participants.

Glassnode'due south reading derives from the one-day moving average hash charge per unit calculation. While the hash rate is impossible to measure exactly, the data supports other estimates showing the metric hitting new records in recent weeks and months.

Every bit Cointelegraph reported, various statistics resources have confirmed the uptrend, with the highest reading budgeted 150 quintillion hashes per 2d this calendar week.

Progress has been swift. According to Glassnode, the mean hash charge per unit low of 36 quintillion hashes per 2nd — which formed the basis for recent growth — occurred in late Apr 2022.

Difficulty ready for another 6% surge

This year, meanwhile, Bitcoin has already exhibited multiple signs a bullish transformation is one time once more underway. Aslope hash rate, commentators have highlighted increased trading activity among Bitcoin futures investors.

Bitcoin mining difficulty

Bitcoin mining difficulty. Source: Blockchain.com

Mining difficulty, which had previously been in turn down, is at present increasing. Last week, the metric progressed half dozen%, while another 6-seven% is on the cards at the next adjustment in nine days' fourth dimension.

Anticipation has as well been building around Bitcoin price activeness for the coming twelve months, with manufacture figures going on record to predict new all-fourth dimension highs for BTC/USD before 2022.