Public Bitcoin Miners Plan To Grow Hashrate 50% By End Of 2022 | Bitcoinist.com

Data shows the public Bitcoin mining companies have plans to expand their hashrate by around 50% by the end of the year,

Public Bitcoin Miners To Add 27 EH/s To Their Hashrate In Remaining Part Of 2022

As per a post from Arcane Research, the combined hashrate of these miners will reach around 80.7 EH/s by the end of 2022, if expansions go according to plan.

The “hashrate” is an indicator that measures the mining ability of any machine connected to the Bitcoin blockchain.

The total network hashrate, therefore, signifies the total computing power pool currently online on the chain. Here is a chart that shows how the 7-day moving average value of this metric has changed over the past year:

The 7-day MA value of the metric seems to have shot up in recent days | Source: Arcane Research

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