Bitcoin’s hashrate, a key indicator of its computational power, shattered previous records on October 12, 2023. As measured by a seven-day simple moving average (SMA), it has surged to an impressive 455 exahash per second (EH/s). To put that into perspective, the hashrate was hovering around 261 EH/s on January 1, 2023. This translates to a leap of 194 EH/s in less than a year, inching tantalizingly close to half a zettahash.
Amid Price Woes and Difficulty, Bitcoin’s Hashrate Breaks Barriers: Half Zettahash in Sight?
On October 12, 2023, Bitcoin’s hashrate hit an unprecedented high, clocking in at 455 EH/s, as per the seven-day SMA. Rewind to the beginning of 2023, and the hashrate was a mere 261 EH/s. This means that over the course of nine months, the hashrate expanded by 194 EH/s. In simpler terms, the network’s computational prowess grew by 0.68 EH/s daily this year, notwithstanding the 15 difficulty adjustments that increased.
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