Bitcoin (BTC) is seeing new records in network activity as volatility sends out BTC rate action to fresh five-month highs.Data from resources including MiningPoolStats confirms that Bitcoin’s hash rate hit new all-time highs on Jan. 26. Hash rate passes 300 EH/s limit In another example of Bitcoin’s blitz healing from the pits of post-FTX problems, network hashing power is now larger than ever.Hash rate, which is an expression of the processing power devoted to the network by miners, is currently at 321 exahashes-per-second(EH/s), according to MiningPoolStats raw information.

Bitcoin hash rate raw data chart

Bitcoin hash rate taps new milestone with miner hodling at 1-year low
(screenshot). Source: MiningPoolStats Despite being only a price quote and impossible to measure totally precisely, the latest readings are quite the task, having never crossed the 300 EH/s level before.Mining firm Braiins also confirmed the numbers in its live reporting feed.Other trackers from BTC.com and Blockchain.com have slightly lower quotes, both being around 275 EH/s on the day. The latter shows hash rate hitting an all-time high of 276.8 EH/s on Jan. 20. Bitcoin hash rate chart(screenshot) . Source: Blockchain”Your wealth is more protected than ever!”popular analyst BTC Archive wrote in part of a Twitter action to the data, indicative of improving belief across the Bitcoin space.Hash rate is a crucial component of Bitcoin security and considerable drawdowns result in network trouble increasing to attract more miners to participate.Network trouble is likewise set to reach levels never ever seen before this week in a nod to fierce competitors in the mining sector.According to data from BTC.com, the next automated readjustment will send difficulty an approximated 2.75 %greater to 38.62 trillion.The previous readjustment provided a 10.26%increase, Bitcoin’s biggest because October 2022 and just the 2nd double-digit hike given that mid-2021. Bitcoin network basics overview(screenshot). Source: BTC.com Miners get chance to stabilize books Examining the environment, CoinLupin, a contributor at on-chain data platform CryptoQuant, cautioned that miners are still selling

their BTC reserves, possibly to fortify capital in the event of a market reversal.Related: Bitcoin faces ‘significant danger’from Fed in 2023– Lyn Alden”Now they have enhanced success for the first time in a while, and mining costs are lower than Bitcoin prices. Normally, more active mining and holding might happen, and now they seem to see it as an opportunity to protect money,” he composed in a post, describing reserves as”declining at a quick”pace.”One day price change could happen in the section where they get adequate cash and begin gathering Bitcoin again. They constantly decrease their Bitcoin holdings during the increase.”CryptoQuant’s miner position index, which determines BTC outflows to exchanges from

miner wallets relative to their one-year moving average, has recorded several withdrawal spikes because Jan. 14.Bitcoin miner position index chart. Source: CryptoQuant At 1,837,138 BTC, miners’reserves presently stand at their least expensive given that December 2021. Bitcoin miner reserve chart. Source: CryptoQuant The views, ideas and viewpoints revealed here are the authors ‘alone and do not necessarily show or represent the views and opinions of Pandoraland.