Apr 4th 2022
Bitcoin on-chain summary: Hashrate stagnating
After growing relentlessly from July, the hashrate has stagnated in the last two months.
Source: Blockchain.com
As we finished 2021, most analysts, including us, expected the hashrate to reach 300 EH/s in 2022. The hashrate grew quickly at the beginning of the year but has stagnated in the last two months.
Currently sitting at 200 EH/s, the hashrate must grow by 5% a month to reach 300 EH/s by the end of 2022, making this target still well within a possible range.