Monday marks the 13th year since Bitcoin'due south creator, Satoshi Nakamoto, mined the genesis block, or cake 0, of the Bitcoin network and, for the first time, mined a advantage of fifty Bitcoin (BTC) back on Jan. 3, 2009. Fast-frontward to 2022, the Bitcoin network shows no signs of slowing downward, reaching a new all-time loftier hash charge per unit of 207.53 exahashes per second (EH/southward).

The Bitcoin hash rate, which correlates to the strength of the network based on the number of active miners, saw a temporary downfall afterward China banned citizens and businesses from pursuing crypto mining and trading activities. Every bit a direct result of China'southward blanket ban on crypto causing a sudden shortage of miners, the Bitcoin hash rate cruel to 58.46 EH/s.

Bitcoin hash rate in June 2022. Source: YCharts

As evidenced by the higher up graph, Bitcoin's hash rate saw an eventual improvement as Chinese miners began migrating to friendly jurisdictions. On Saturday, the Bitcoin network recorded a new all-fourth dimension high of 207.53 EH/s, reclaiming the network'south security past increasing the mining difficulty.

Bitcoin hash rate in Jan 2022. Source: YCharts

At the time of writing, the Bitcoin network hash charge per unit stands at 190.64 EH/s, downwardly viii.14% from its all-time loftier.

Related: Bitcoin holdings of public companies hasurged in 2022

BTC holdings of private corporations significantly increased last year, every bit revealed by on-chain analyst Willy Woo.

A Cointelegraph written report on the thing highlights that purchases made past Michael Saylor's MicroStrategy exceeded $6 billion in crypto avails. In December lone, the firm purchased a further i,914 BTC, worth $94 one thousand thousand.