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

The all-time high of the hash rate of the network was recorded on Feb. 12, 2022, at a rate of 248.11M Th/s.
The computing power required by a miner to confirm a transaction is correlated with the hash rate. The recent spike in the network hash rate of the BTC ensures further security against attacks.

The past year has seen the rate of the digital currency. YCharts

In one day, the network's hash rate jumped from 188.40 to 248.11 EH/s. Over the past year, the network's hash rate levels rose.
The past month has seen the rate of the digital currency. YCharts

Concerns about the security of the network were caused by China's ban on trading and mining, as the Asian country contributed 34% of the total mining rate until June 2021.
With miners finding refuge in other countries, the network saw a sharp recovery and eventually surpassed its previous all-time highs.

There is a way to mining th e digital currency by country. This is the source of the website.

The United States has the highest contribution to the global hash rate of the Bitcoin network.
The global hash rate is believed to grow aggressively.

The industry players believe that the hash rate will continue to grow, according to a recent analysis. The experts pointed out that the network has become stronger than ever before despite the investors panic.

Michael Levitt, co-founder chairman and CEO of Core Scientific, told Cointelegraph that he expects the global hash rate to continue growing at an aggressive pace. He mentioned that the growth is dependent on the success of the infrastructure currently being built, along with the price of Bitcoin moving forward.

Source: cointelegraph.com