Bitcoin mining hashrate is approaching a record high

The current total network computing power of Bitcoin mining is 48.99 EH/s, which is not far from the historical high of 53.33 EH/s first reached in October 2018.

Bitcoin mining difficulty (btc.com)

As of May, the total computing power of Bitcoin's entire network has rebounded significantly, and corresponding to this is the logarithmic adjustment of the difficulty. Compared with the lowest total computing power of 5.11 T in December, the current Bitcoin mining difficulty is 6.70 T, an increase of 31%. It is predicted that the next difficulty will increase by 2.49% to 6.87 T.
This may indicate that market confidence is recovering. As the price of Bitcoin continues to hit new highs, the market price of second-hand Bitcoin mining machines has also doubled, and the entire mining industry is now almost back to profitability.
The block reward for Bitcoin mining is expected to be halved around May 20, 2020, and the reward for a block every 10 minutes will drop from the current 12.5 to 6.25 Bitcoins. So far, 17.7 million Bitcoins have been mined, accounting for about 85% of the total, leaving only 3.3 million Bitcoins, which are expected to be mined by 2140.

Bitcoin active addresses (blockchain.info)

More interesting than the total hashrate is the number of Bitcoin addresses, which have reached their highest point since the peak of Bitcoin prices nearly a year ago, exceeding 610,000 active addresses. Bitcoin addresses are used to measure daily transaction activity and whether there is a change in demand for the Bitcoin blockchain .
The current data capacity of the Bitcoin blockchain has reached 255.51 GB.

With the bitcoin price breaking through 50,000 and the arrival of cheap electricity prices in Fengshui District, bitcoin mining will usher in a new breakthrough! (Caiyun Blockchain )