Bitcoin’s Total Network Hashrate Hits an All-Time High at 321 Exahash per Second

According to statistics from October 5, the total computing power behind the bitcoin network reached an all-time high of 321.15 exahashes per second (EH/s). Shortly after the record high, the network’s total hash rate was coasting past 300 EH/s at about 303.87 (EH/s) on Wednesday afternoon (ET).

Bitcoin hash rates reached a lifetime high in hashes per second

Wednesday, with a block high of 757,214,statistics from coinwarz.comshow that Bitcoin’s total hash rate reached an all-time high (ATH). ofBTC. ‘s network hash power data shows that the last hash rate ATH wasrecorded on September 11, 2022 at a block height of 753,647and reached approximately 301.87 EH/s.

Bitcoin’s total network hash rate reached an all-time high on October 5, 2022 with a block height of 757,214.

Before the jump over 300 exahashes, the network hash rate reached 292.02 EH/s with a block height of 739,928, reaching the previous ATH on June 8, 2022. The most recent total computing power ATH has taken place during the crypto winter, asthe price of BTCis 70% below the lifetime price high for crypto assets on November 10, 2021 ($69K).

Additionally, hash rate increases have taken place atBTCmining difficulty is also at a recent all-time high. With a block height of 753,984, the difficulty level increased from 30.97 trillion hashes to 32.05 trillion hashes.

It is currently as low as 31.36 trillion hashes, but is expected to increase by 7.10% at the next adjustment. If that adjustment forecast comes true, the difficulty could reach 33.59 trillion hashes on October 10, 2022.

The all-time high of 321.15 exahashes per second is equivalent to 0.32115 zeta hashes per second (ZH/s.) While one exahash is five trillion, one zeta hash is one thousand million, thousand, 000,000,000, 000,000 (trillion) hashes per second, which is an unfathomable amount.

At 2:20 PM (US time), the total hash rate has dropped below 300 exahashes and is currently coasting at 287.98 EH/s.

Image credits: Shutterstock, Pixabay, Wiki Commons, coinwarz.com

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