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Bitcoin (BTC) Network Hits Record Hashrate

Bitcoin (BTC) Network Hits Record Hashrate

CryptodnesCryptodnes2024/10/21 15:30
By:Cryptodnes

This milestone highlights the increased security of the world's first large-scale blockchain network.

On October 21, Bitcoin ‘s network hashrate – which measures the total computing power used to protect the blockchain – reached a new all-time high of 769.82 exahash per second (EH/s).

Bitcoin (BTC) Network Hits Record Hashrate image 0

According to BitInfoCharts data, Bitcoin’s hash rate has been steadily increasing since 2021. This growth is often attributed to advances in mining hardware, particularly the development of application-specific integrated circuits (ASICs) that are optimized for mining.

READ MORE:
Is it a Good Time to Short Bitcoin (BTC)?

As the hashing power of Bitcoin increases, so does the cost to mine a single BTC token.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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