On October 5, total computing power supporting the Bitcoin network reached a record high of 321.15 exahash per seconds (EH/s), according to statistics. Just after the record high, the network’s total hashrate was coasting along above the 300 EH/s on Wednesday afternoon (ET) at around 303.87 (EH/s).
Bitcoin’s Hashrate Reaches a Lifetime High in Terms of Hashes per Second
On Wednesday, at block height 757,214, statistics from coinwarz.com shows Bitcoin’s total hashrate reached an all-time high (ATH). BTC’s network hashpower data indicates that the last hashrate ATH was recorded on September 11, 2022, at block height 753,647, when it reached approximately 301.87 EH/s.
Before the jump over 300 exahash, the network’s hashrate reached a prior ATH on June 8, 2022, at block height 739,928 reaching 292.02 EH/s. The most recent total computational power ATHs are taking place amid the crypto winter, as BTC prices are 70% below the crypto asset’s lifetime price high on November 10, 2021 ($69K).
Furthermore, the hashrate increase has taken place at a time when BTC’s mining difficulty also tapped an all-time high in recent times. Block height 753,984 saw difficulty rise from 30.97 trillion to 32.05 trillion havehes.
While it is lower today at 31.36 trillion hashes, it’s expected to see a 7.10% increase during the next adjustment. The difficulty may reach 33.59 trillion havehes if that adjustment is successful.
This 321.15 exahash/second all-time record is equivalent to 0.32115 Zetahash/second (ZH/s). While an exahash is a quintillion, a single zetahash is an unfathomable 1,000,000,000,000,000,000,000 (one sextillion) hashes per second.
By 2:20 p.m. (ET), the total hashrate dropped below 300 exahash and it’s currently coasting along at 287.98 EH/s.
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Images Credits: Shutterstock, Pixabay, Wiki Commons, coinwarz.com
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