Bitcoin hash rate reaches an all-time high of 85,732,016,658 VND

On January 3, the network's hashrate reached 1,000 EH/s as miners continued to increase their capacity.

According to data from CoinWarz, the hashrate of Bitcoin — the total computing power securing the network — hit a new record high of over 1,000 exahashes per second (EH/s) on January 3.

This figure is nearly double the network's hashrate from 12 months ago. According to CoinWarz, Bitcoin's hashrate hovered around 510 EH/s in January 2024. At the time this article was published, Bitcoin's hashrate had decreased to approximately 780 EH/s.

The increasing hash rate of the network indicates that Bitcoin miners are allocating more computing resources to the blockchain, thereby improving the network's security.

Miners continue to expand production even after Bitcoin's halving event in April, which reduced the mining reward from 6.25 BTC to 3.125 BTC per block.

Overcoming headwinds

In 2024, Bitcoin's strong performance has offset some of the obstacles from the halving, especially for cash-rich mining companies like Riot Platforms and CleanSpark.

JPMorgan stated in a research note on December 10 shared with Cointelegraph that mining companies “have acquired other mining companies with complete facilities to quickly increase hashrate and boost their power supply.” 87,011,127,799

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