Bitcoin’s network hashrate has hit a groundbreaking peak of 725.88 exahash per second (EH/s) for the very first time in its history. Imagine this: 725 quintillion hashes are being crunched every second to secure the network. That’s an astronomical number! Over the past year, from Oct. 20, 2023, to now, the network’s computational strength has grown by a substantial 62.55%, which translates into an increase of 279 EH/s in just 12 months.
Over 700 Exahash—Bitcoin’s Hashrate Shatters All-Time Records
This article was published more than a year ago. Some information may no longer be current.
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This surge in computing power has naturally driven Bitcoin’s difficulty to challenging heights, currently sitting just shy of its all-time high (ATH) set on Sept. 10, 2024. And it doesn’t stop there—come Oct. 22, the next difficulty adjustment is projected to bring a 4.36% increase, likely pushing the difficulty to a brand-new ATH. Around 60 different mining pools are actively contributing SHA256 hashrate to Bitcoin’s blockchain on Monday afternoon. Over the past three days, Foundry USA has led the charge, accounting for 29.9% of the hashrate with 216.36 EH/s, while Antpool follows with 23.11% and 167.19 EH/s. These two mining giants continue to be major players in the ever-competitive bitcoin mining landscape.
