Bitcoin hash charge hits ATH after 34% YOY development

by Jeremy

Definition

This metric presents the p.c change of the Bitcoin hash charge adjustment.

Fast Take

  • Over a 7DMA, Bitcoin hash charge hit 300 TH/s and continues to place in new highs.
  • Throughout 2023, the hash charge has solely had 5 single downward changes to point out the consistency of the community and its present energy.
  • The hash charge has grown by 34% YOY and 50% over the previous two years.
  • The China ban in the course of the summer time of 2021 was the most important single occasion that affected the hash charge, which noticed a drop of 35%.
Hash Rate adjustment: (Source: Glassnode)
Hash Fee adjustment: (Supply: Glassnode)

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