Bitcoin hash rate hits an all-time high

On June 11, the hash rate of the Bitcoin network (smoothed 7-day moving average) reached a new all-time high of 231 EH/s.

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Before the drop in Bitcoin’s price, the network’s hash rate edged slightly to 227.8 EH/s.

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On June 8, the mining difficulty of digital gold rose after a decline in May. However, it could not return to all-time highs.

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Lead in hash rate share (23.24%) is held by the American mining pool Foundry USA. Behind it in the rankings are Poolin (13.69%) and AntPool (11.49%), according to BTC.com.

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In May, Bitcoin miners’ revenue fell by 22% from April to $906 million.

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In June, Texas-based miners restricted their electricity usage due to weather conditions.