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Bitcoin Hashrate Hits Record High as Prices Drop Below $55K

As bitcoin dipped below $55K this week, something quite interesting happened behind the scenes. On Sept. 7, 2024, the network’s computational power hit a new lifetime high. The seven-day simple…

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Despite Significant Difficulty and Low BTC Price, Bitcoin’s Hashrate Continues to Climb Higher

Following the largest difficulty increase the Bitcoin network has seen in 2022, the network’s hashrate has not been affected by the 13.55% increase. In fact, five days ago at block…

Continue ReadingDespite Significant Difficulty and Low BTC Price, Bitcoin’s Hashrate Continues to Climb Higher

Bitcoin’s Total Network Hashrate Hits an All-Time High at 321 Exahash per Second

According to statistics on October 5, the total computational power backing the Bitcoin network tapped a fresh all-time high reaching 321.15 exahash per second (EH/s). Just after the record high,…

Continue ReadingBitcoin’s Total Network Hashrate Hits an All-Time High at 321 Exahash per Second

Bitcoin’s Hashrate Hits an All-Time High Nearing 300 Exahash per Second

While Bitcoin’s mining difficulty was expected to decrease two days ago on June 8, instead the difficulty increased by 1.29% on Wednesday. On the same day, at block height 739,928,…

Continue ReadingBitcoin’s Hashrate Hits an All-Time High Nearing 300 Exahash per Second