{"id":555531,"date":"2023-10-16T10:00:13","date_gmt":"2023-10-16T10:00:13","guid":{"rendered":"https:\/\/uniquehot.com\/?p=555531"},"modified":"2024-06-11T08:12:19","modified_gmt":"2024-06-11T08:12:19","slug":"bitcoin-hashrate-100-growth","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bitcoin-hashrate-100-growth\/","title":{"rendered":"By The Numbers: Bitcoin Hashrate Poised To Complete 100% Growth In 2023"},"content":{"rendered":"

As analysts <\/span>continue to debate<\/span><\/a> the future of the flagship cryptocurrency, Bitcoin, the <\/span>network\u2019s hashrate<\/span><\/a> has seen exponential growth, with this key indicator poised to experience an 100% increase (from the beginning of the year) <\/span>before the year runs out<\/span><\/a>.\u00a0<\/span><\/p>\n

How Bitcoin\u2019s Hashrate Has Grown<\/h2>\n

The hashrate, which is used to measure the computational power <\/span>used to mine<\/span><\/a> and process transactions on the network, currently (at the time of writing) <\/span>stands<\/span><\/a> at 445 exahashes per second (EH\/s). This figure represents a significant increase, considering that the network hashrate stood at 255 EH\/s on January 1, 2023.\u00a0<\/span><\/p>\n

Related Reading: On-Chain Tracker Notices Major Difference Between Bitcoin And Ethereum Whales<\/a><\/div>\n

\"Bitcoin<\/p>\n

Hashrate almost 100% up | Source: CoinWarz<\/a><\/pre>\n
These figures mean that the network hashrate has grown by 190 EH\/s since the year began, and at this rate, it could well hit 510 EH\/s by the end of the year, signaling a 100% increase from when the year began. These figures also suggest that <\/span>more miners<\/span><\/a> have jumped on the Bitcoin blockchain, with it being faster and more secure as a result of this.\u00a0<\/span><\/p>\n
At this rate, the hashrate could also well be on the way to fulfilling some of the predictions made by analysts. In March, A research analyst at River Financial, Sam Wouters, <\/span>noted<\/span><\/a> the impressive growth rate and predicted that Bitcoin\u2019s hashrate could reach a \u201cZettahash by the end of 2025.\u201d A Zettahash is equivalent to 1,000 EH\/s.<\/span><\/p>\n
Going by this current rate, some have <\/span>noted<\/span><\/a> that Wouters\u2019 prediction could become a reality by December 23, 2025, or the beginning of 2026.<\/span><\/p>\n
Despite this significant growth rate, it is worth mentioning that <\/span>Bitcoin\u2019s hash price<\/span><\/a> has remained rather tepid during this same period. Hash Price refers to the <\/span>revenue generated by miners<\/span><\/a> on a per tera-hash basis.\u00a0<\/span><\/p>\n
Related Reading: How Ripple\u2019s Rumored Token Burn Could Affect The XRP Price<\/a><\/div>\n
The hash price currently stands at close to $60, almost the same figure as at the beginning of the beginning of the year. Notably, Miners\u2019 biggest payday came on May 8, 2023, when the hash price was $125.\u00a0<\/span><\/p>\n
Where The Bitcoin Hashrate Is Coming From<\/h2>\n
In his <\/span>tweet<\/span><\/a> back in March, Wouters also tried to analyze where the growth in Bitcoin\u2019s hashrate could be coming from. He shared his belief that it was unlikely that the added hashrate was coming <\/span>from nation-states<\/span><\/a>, as some people may suggest. According to him, the odds of nation-states providing computing power to the network and remaining a secret is low as \u201cthere are far too many people involved in running massive operations.\u201d<\/span><\/p>\n
He concluded by stating that the source of the added hashrate was \u201cnuanced\u201d as it could simply be a result of factors like new models being put on the market, unused inventory going online, more facilities going live, and <\/span>also entrepreneurs<\/span><\/a> who are finding cheap sources before regulators step in.\u00a0<\/span><\/p>\n
\"Bitcoin<\/p>\n
BTC recovers as mining interest grows | Source: BTCUSD on Tradingview.com<\/a><\/pre>\n
Featured image from Coinmama, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"
As analysts continue to debate the future of the flagship cryptocurrency, Bitcoin, the network\u2019s hashrate has seen exponential growth, with this key indicator poised to experience an 100% increase (from the beginning of the year) before the year runs out.\u00a0 How Bitcoin\u2019s Hashrate Has Grown The hashrate, which is used to measure the computational power used to mine and process transactions on the network, currently (at the time of writing) stands at 445 exahashes per second (EH\/s). This figure represents a significant increase, considering that the network hashrate stood at 255 EH\/s on January 1, 2023.\u00a0 Related Reading: On-Chain Tracker Notices Major Difference Between Bitcoin And Ethereum Whales Hashrate almost 100% up | Source: CoinWarz These figures mean that the network hashrate has grown by 190 EH\/s since the year began, and at this rate, it could well hit 510 EH\/s by the end of the year, signaling a 100% increase from when the year began. These figures also suggest that more miners have jumped on the Bitcoin blockchain, with it being faster and more secure as a result of this.\u00a0 At this rate, the hashrate could also well be on the way to fulfilling some of the predictions made by analysts. In March, A research analyst at River Financial, Sam Wouters, noted the impressive growth rate and predicted that Bitcoin\u2019s hashrate could reach a \u201cZettahash by the end of 2025.\u201d A Zettahash is equivalent to 1,000 EH\/s. Going by this current rate, some have noted that Wouters\u2019 prediction could become a reality by December 23, 2025, or the beginning of 2026. Despite this significant growth rate, it is worth mentioning that Bitcoin\u2019s hash price has remained rather tepid during this same period. Hash Price refers to the revenue generated by miners on a per tera-hash basis.\u00a0 Related Reading: How Ripple\u2019s Rumored Token Burn Could Affect The XRP Price The hash price currently stands at close to $60, almost the same figure as at the beginning of the beginning of the year. Notably, Miners\u2019 biggest payday came on May 8, 2023, when the hash price was $125.\u00a0 Where The Bitcoin Hashrate Is Coming From In his tweet back in March, Wouters also tried to analyze where the growth in Bitcoin\u2019s hashrate could be coming from. He shared his belief that it was unlikely that the added hashrate was coming from nation-states, as some people may suggest. According to him, the odds of nation-states providing computing power to the network and remaining a secret is low as \u201cthere are far too many people involved in running massive operations.\u201d He concluded by stating that the source of the added hashrate was \u201cnuanced\u201d as it could simply be a result of factors like new models being put on the market, unused inventory going online, more facilities going live, and also entrepreneurs who are finding cheap sources before regulators step in.\u00a0 BTC recovers as mining interest grows | Source: BTCUSD on Tradingview.com Featured image from Coinmama, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":555544,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,55860,639,640,656,87389,84159,89185],"class_list":["post-555531","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-hashrate","tag-bitcoin-miners","tag-bitcoin-mining","tag-bitcoin-news","tag-btc-miners","tag-btc-mining","tag-btc-news"],"acf":[],"yoast_head":"\nBy The Numbers: Bitcoin Hashrate Poised To Complete 100% Growth In 2023<\/title>\n<meta name=\"description\" content=\"As analysts continue to debate the future of the flagship cryptocurrency, Bitcoin, the network\u2019s hashrate has seen exponential growth.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/uniquehot.com\/news\/bitcoin-hashrate-100-growth\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"By The Numbers: Bitcoin Hashrate Poised To Complete 100% Growth In 2023\" \/>\n<meta property=\"og:description\" content=\"As analysts continue to debate the future of the flagship cryptocurrency, Bitcoin, the network\u2019s hashrate has seen exponential growth.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/uniquehot.com\/news\/bitcoin-hashrate-100-growth\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-16T10:00:13+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T08:12:19+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/10\/Bitcoin-mining-hashrate.png?fit=980%2C400\" \/>\n\t<meta property=\"og:image:width\" content=\"980\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Scott Matherson\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/MathersonScott\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Scott Matherson\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-hashrate-100-growth\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-hashrate-100-growth\/\"},\"author\":{\"name\":\"Scott Matherson\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/b728e21249a8147d980445b0ee98f18d\"},\"headline\":\"By The Numbers: Bitcoin Hashrate Poised To Complete 100% Growth In 2023\",\"datePublished\":\"2023-10-16T10:00:13+00:00\",\"dateModified\":\"2024-06-11T08:12:19+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-hashrate-100-growth\/\"},\"wordCount\":482,\"publisher\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-hashrate-100-growth\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/10\/Bitcoin-mining-hashrate.png?fit=980%2C400\",\"keywords\":[\"bitcoin\",\"Bitcoin hashrate\",\"bitcoin miners\",\"bitcoin mining\",\"Bitcoin news\",\"BTC miners\",\"BTC mining\",\"BTC news\"],\"articleSection\":[\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2023\",\"copyrightHolder\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-hashrate-100-growth\/\",\"url\":\"https:\/\/uniquehot.com\/news\/bitcoin-hashrate-100-growth\/\",\"name\":\"By The Numbers: Bitcoin Hashrate Poised To Complete 100% Growth In 2023\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-hashrate-100-growth\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-hashrate-100-growth\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/10\/Bitcoin-mining-hashrate.png?fit=980%2C400\",\"datePublished\":\"2023-10-16T10:00:13+00:00\",\"dateModified\":\"2024-06-11T08:12:19+00:00\",\"description\":\"As analysts continue to debate the future of the flagship cryptocurrency, Bitcoin, the network\u2019s hashrate has seen exponential growth.\",\"breadcrumb\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-hashrate-100-growth\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/uniquehot.com\/news\/bitcoin-hashrate-100-growth\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-hashrate-100-growth\/#primaryimage\",\"url\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/10\/Bitcoin-mining-hashrate.png?fit=980%2C400\",\"contentUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/10\/Bitcoin-mining-hashrate.png?fit=980%2C400\",\"width\":980,\"height\":400,\"caption\":\"Bitcoin mining hashrate\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-hashrate-100-growth\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/uniquehot.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"By The Numbers: Bitcoin Hashrate Poised To Complete 100% Growth In 2023\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/uniquehot.com\/#website\",\"url\":\"https:\/\/uniquehot.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin & Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/uniquehot.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/uniquehot.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/uniquehot.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/b728e21249a8147d980445b0ee98f18d\",\"name\":\"Scott Matherson\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/3d21ae3d2529ce2df4466b61ea80b449?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/3d21ae3d2529ce2df4466b61ea80b449?s=96&d=mm&r=g\",\"caption\":\"Scott Matherson\"},\"description\":\"Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott\u2019s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott\u2019s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life. With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.\",\"sameAs\":[\"https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott\"],\"url\":\"https:\/\/uniquehot.com\/author\/mathersonscott1\/\"}]}<\/script>\n","yoast_head_json":{"title":"By The Numbers: Bitcoin Hashrate Poised To Complete 100% Growth In 2023","description":"As analysts continue to debate the future of the flagship cryptocurrency, Bitcoin, the network\u2019s hashrate has seen exponential growth.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/uniquehot.com\/news\/bitcoin-hashrate-100-growth\/","og_locale":"en_US","og_type":"article","og_title":"By The Numbers: Bitcoin Hashrate Poised To Complete 100% Growth In 2023","og_description":"As analysts continue to debate the future of the flagship cryptocurrency, Bitcoin, the network\u2019s hashrate has seen exponential growth.","og_url":"https:\/\/uniquehot.com\/news\/bitcoin-hashrate-100-growth\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2023-10-16T10:00:13+00:00","article_modified_time":"2024-06-11T08:12:19+00:00","og_image":[{"width":980,"height":400,"url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/10\/Bitcoin-mining-hashrate.png?fit=980%2C400","type":"image\/png"}],"author":"Scott Matherson","twitter_card":"summary_large_image","twitter_creator":"@https:\/\/twitter.com\/MathersonScott","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Scott Matherson","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/uniquehot.com\/news\/bitcoin-hashrate-100-growth\/#article","isPartOf":{"@id":"https:\/\/uniquehot.com\/news\/bitcoin-hashrate-100-growth\/"},"author":{"name":"Scott Matherson","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/b728e21249a8147d980445b0ee98f18d"},"headline":"By The Numbers: Bitcoin Hashrate Poised To Complete 100% Growth In 2023","datePublished":"2023-10-16T10:00:13+00:00","dateModified":"2024-06-11T08:12:19+00:00","mainEntityOfPage":{"@id":"https:\/\/uniquehot.com\/news\/bitcoin-hashrate-100-growth\/"},"wordCount":482,"publisher":{"@id":"https:\/\/uniquehot.com\/#organization"},"image":{"@id":"https:\/\/uniquehot.com\/news\/bitcoin-hashrate-100-growth\/#primaryimage"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/10\/Bitcoin-mining-hashrate.png?fit=980%2C400","keywords":["bitcoin","Bitcoin hashrate","bitcoin miners","bitcoin mining","Bitcoin news","BTC miners","BTC mining","BTC news"],"articleSection":["Cryptocurrency Market News"],"inLanguage":"en-US","copyrightYear":"2023","copyrightHolder":{"@id":"https:\/\/uniquehot.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/uniquehot.com\/news\/bitcoin-hashrate-100-growth\/","url":"https:\/\/uniquehot.com\/news\/bitcoin-hashrate-100-growth\/","name":"By The Numbers: Bitcoin Hashrate Poised To Complete 100% Growth In 2023","isPartOf":{"@id":"https:\/\/uniquehot.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/uniquehot.com\/news\/bitcoin-hashrate-100-growth\/#primaryimage"},"image":{"@id":"https:\/\/uniquehot.com\/news\/bitcoin-hashrate-100-growth\/#primaryimage"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/10\/Bitcoin-mining-hashrate.png?fit=980%2C400","datePublished":"2023-10-16T10:00:13+00:00","dateModified":"2024-06-11T08:12:19+00:00","description":"As analysts continue to debate the future of the flagship cryptocurrency, Bitcoin, the network\u2019s hashrate has seen exponential growth.","breadcrumb":{"@id":"https:\/\/uniquehot.com\/news\/bitcoin-hashrate-100-growth\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/uniquehot.com\/news\/bitcoin-hashrate-100-growth\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/news\/bitcoin-hashrate-100-growth\/#primaryimage","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/10\/Bitcoin-mining-hashrate.png?fit=980%2C400","contentUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/10\/Bitcoin-mining-hashrate.png?fit=980%2C400","width":980,"height":400,"caption":"Bitcoin mining hashrate"},{"@type":"BreadcrumbList","@id":"https:\/\/uniquehot.com\/news\/bitcoin-hashrate-100-growth\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/uniquehot.com\/"},{"@type":"ListItem","position":2,"name":"By The Numbers: Bitcoin Hashrate Poised To Complete 100% Growth In 2023"}]},{"@type":"WebSite","@id":"https:\/\/uniquehot.com\/#website","url":"https:\/\/uniquehot.com\/","name":"NewsBTC","description":"Bitcoin & Cryptocurrency News Today","publisher":{"@id":"https:\/\/uniquehot.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/uniquehot.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/uniquehot.com\/#organization","name":"NewsBTC","url":"https:\/\/uniquehot.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/b728e21249a8147d980445b0ee98f18d","name":"Scott Matherson","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/3d21ae3d2529ce2df4466b61ea80b449?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/3d21ae3d2529ce2df4466b61ea80b449?s=96&d=mm&r=g","caption":"Scott Matherson"},"description":"Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott\u2019s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott\u2019s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life. With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/uniquehot.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"By The Numbers: Bitcoin Hashrate Poised To Complete 100% Growth In 2023","url":"http:\/\/uniquehot.com\/news\/bitcoin-hashrate-100-growth\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/bitcoin-hashrate-100-growth\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/10\/Bitcoin-mining-hashrate.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/10\/Bitcoin-mining-hashrate.png?fit=980%2C400"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin hashrate","bitcoin miners","bitcoin mining","bitcoin news","btc miners","btc mining","btc news"],"dateCreated":"2023-10-16T10:00:13Z","datePublished":"2023-10-16T10:00:13Z","dateModified":"2024-06-11T08:12:19Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"By The Numbers: Bitcoin Hashrate Poised To Complete 100% Growth In 2023\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/bitcoin-hashrate-100-growth\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/bitcoin-hashrate-100-growth\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/Bitcoin-mining-hashrate.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/Bitcoin-mining-hashrate.png?fit=980%2C400\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin hashrate\",\"bitcoin miners\",\"bitcoin mining\",\"bitcoin news\",\"btc miners\",\"btc mining\",\"btc news\"],\"dateCreated\":\"2023-10-16T10:00:13Z\",\"datePublished\":\"2023-10-16T10:00:13Z\",\"dateModified\":\"2024-06-11T08:12:19Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/10\/Bitcoin-mining-hashrate.png?fit=980%2C400","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/555531"}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=555531"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/555531\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/555544"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=555531"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=555531"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=555531"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}