Bitcoin’s hashrate has jumped from the low 170 exahash per second (EH/s) recorded this week, to above the 300 exahash range after a number of bitcoin mining operations from Texas temporarily went offline on Dec. 25, 2022. Furthermore, three-day hashrate distribution statistics recorded on Dec. 29, 2022 indicate that two mining pools command more than 50% of the global hashrate.

The computational processing power behind the Bitcoin (BTC) network ramped up to the 300 EH/s range on the evening of Dec. 28, 2022. Three days before the rise, BTC’s hashrate slid to a low of 170 EH/s on Dec. 28, 2022, when bitcoin miners from Texas curtailed their hashpower to relieve the grid from any excess load.

Most of the SHA256 hashpower returned the same day, as Bitcoin.com News reported on it climbing back to 240 EH/s by 12:00 p.m. (ET). Following Wednesday’s jump above 300 EH/s, statistics on Thursday show the total network hashrate is coasting along at 250.57 EH/s. Moreover, during the past three days, two mining pools have captured more than 50% of the network’s total hashrate.

(by Jamie Redman)