Definition
This metric presents the percent change of the Bitcoin hash rate adjustment.
Quick Take
- Over a 7DMA, Bitcoin hash rate hit 300 TH/s and continues to put in new highs.
- During 2023, the hash rate has only had five single downward adjustments to show the consistency of the network and its current strength.
- The hash rate has grown by 34% YOY and 50% over the past two years.
- The China ban during the summer of 2021 was the biggest single event that affected the hash rate, which saw a drop of 35%.
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Source: https://cryptoslate.com/insights/bitcoin-hash-rate-hits-ath-after-34-yoy-growth/