Best Meme Coins with 100x Potential
Home » Bitcoin » Bitcoin (BTC) Network Hits Record Hashrate

Bitcoin (BTC) Network Hits Record Hashrate

21.10.2024 16:00 1 min. read Alexander Stefanov
SHARE: SHARES
Bitcoin (BTC) Network Hits Record Hashrate

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).

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.

Alexander Stefanov
Twitter Linkedin
With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.

Telegram

SHARE: SHARES
Tags: Bitcoin
Popular News
More Bitcoin News

Strategy Boosts Bitcoin Holdings to 597,325 BTC with Latest Purchase

Bitcoin giant Strategy has added another 4,980 BTC to its reserves in a purchase worth approximately $531.9 million, according to Executive Chairman Michael Saylor.

30.06.2025 15:23 2 min. read Kosta Gushterov

Veteran Trader Peter Brandt Shares Simple Wealth Strategy with Bitcoin at Its Core

According to renowned market veteran Peter Brandt, trading isn’t the path to prosperity for the vast majority of people.

30.06.2025 15:00 2 min. read Kosta Gushterov

Why Bitcoin Is Stuck Despite Wall Street Demand  

Charles Edwards, founder and CEO of Capriole Investments, has offered a fresh perspective on Bitcoin’s stalled price movement near the $100,000 mark, despite growing institutional enthusiasm.

30.06.2025 12:00 2 min. read Kosta Gushterov

Metaplanet Now Holds 13,350 BTC Worth $1.4 Billion

Metaplanet has expanded its Bitcoin treasury with a new acquisition of 1,005 BTC valued at approximately $108.1 million, further cementing its status as one of the largest corporate holders of the digital asset.

30.06.2025 10:27 1 min. read Kosta Gushterov
Popular News
No Comments yet!

Your Email address will not be published.