#BitcoinHashRateSurge

On Friday, the Bitcoin hashrate peaked at over 1,000 exahashes per second (EH/s), a new milestone. Subsequently, it has settled around 783.02 EH/s, according to the latest data available. Comparing to January 2024, the current Bitcoin hashrate has nearly doubled, showing significant growth over the past year.

What increases Bitcoin Hashrate?

The more computers that join a blockchain network and process hashes (guesses) on the network, the higher its hash rate is. A high hash rate represents more security and health on a PoW blockchain network, as there is less of a chance of an attack on the network.