{"id":31505,"date":"2020-11-10T10:41:33","date_gmt":"2020-11-10T08:41:33","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=31505"},"modified":"2025-08-28T04:02:40","modified_gmt":"2025-08-28T01:02:40","slug":"bitcoin-hash-rate-jumps-46-in-24-hours","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bitcoin-hash-rate-jumps-46-in-24-hours\/","title":{"rendered":"Bitcoin hash rate jumps 46% in 24 hours"},"content":{"rendered":"<p>On Monday, November 9, the Bitcoin network&#8217;s hash rate rose from 112.6 EH\/s to 164.5 EH\/s, according to data from <a href=\"https:\/\/www.coinwarz.com\/mining\/bitcoin\/hashrate-chart#:~:text=The%20current%20Bitcoin%20hashrate%20(BTC,with%20a%20difficulty%20of%2016%2C787%2C779%2C609%2C932.66.\" target=\"_blank\" rel=\"noopener noreferrer\">Coinwarz<\/a>. For the day, the figure gained about 46%.<\/p>\n<div id=\"attachment_115914\" style=\"width: 1114px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-115914\" class=\"wp-image-115914 size-full\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Untitled-1-34.jpg\" alt=\"Bitcoin hash rate over 24 hours jumped 46%\" width=\"1104\" height=\"504\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/Untitled-1-34.jpg 1104w, https:\/\/u1f987.com\/wp-content\/uploads\/Untitled-1-34-300x137.jpg 300w, https:\/\/u1f987.com\/wp-content\/uploads\/Untitled-1-34-1024x467.jpg 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/Untitled-1-34-768x351.jpg 768w\" sizes=\"auto, (max-width: 1104px) 100vw, 1104px\" \/><\/p>\n<p id=\"caption-attachment-115914\" class=\"wp-caption-text\">Source: Coinwarz.<\/p>\n<\/div>\n<p>As of writing, the hash rate had declined slightly from the peak and stood at 148.7 EH\/s.<\/p>\n<p>The analyst Jason Deane of Quantum Economics suggested that the sharp jump in hash rate was linked to the connection of a large number of ASIC miners to the network after the Sichuan migration.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p dir=\"ltr\" lang=\"en\">Whoa! big jump in <a href=\"https:\/\/twitter.com\/hashtag\/bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#bitcoin<\/a> hash rate over last 10 hours (+29.7% trough to peak) Large number of machines just came online somewhere, relocated Sichuan region miners possibly? <a href=\"https:\/\/t.co\/UKahgQ37Tm\">pic.twitter.com\/UKahgQ37Tm<\/a><\/p>\n<p>\u2014 Jason Deane (@JasonADeane) <a href=\"https:\/\/twitter.com\/JasonADeane\/status\/1325926865459097601?ref_src=twsrc%5Etfw\">November 9, 2020<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>According to him, mining electricity contracts in this Chinese province typically end on October 25.<\/p>\n<p>Earlier, <a href=\"https:\/\/u1f987.com\/en\/news\/bitcoin-hash-rate-falls-sharply-as-sichuans-rainy-season-ends\">occurred<\/a> a significant drop in hash rate. NovaBlok mining pool analysts said in comments that this demonstrates how much Bitcoin mining capacity migrates annually in light of Sichuan\u2019s rainy season.<\/p>\n<p>In May, the University of Cambridge team launched an interactive map tracking Bitcoin mining hubs. As of April, before the Sichuan flood season began, the largest share of the network\u2019s total hashrate was generated in the Xinjiang Uygur Autonomous Region of China \u2014 more than 35%.<\/p>\n<p>As noted, in the wake of the hashrate decline due to miners migrating to China, <a href=\"https:\/\/u1f987.com\/en\/news\/bitcoin-network-records-largest-difficulty-drop-since-2011\">occurred<\/a> the largest mining difficulty drop since 2011.<\/p>\n<p>Follow ForkLog news on <a href=\"https:\/\/twitter.com\/ForkLog\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Twitter<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On Monday, November 9, Bitcoin&#8217;s network hashrate rose from 112.6 EH\/s to 164.5 EH\/s, according to Coinwarz. For the day, the figure rose by about 46%.<\/p>\n","protected":false},"author":1,"featured_media":31506,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1137],"class_list":["post-31505","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency-mining"],"aioseo_notices":[],"amp_enabled":true,"views":"24","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/31505","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=31505"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/31505\/revisions"}],"predecessor-version":[{"id":31507,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/31505\/revisions\/31507"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/31506"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=31505"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=31505"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=31505"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}