According to statistics on October 5, the total computational power backing the Bitcoin network tapped a fresh all-time high reaching 321.15 exahash per second (EH/s). Just after the record high, the network’s total hashrate was coasting along above the 300 EH/s on Wednesday afternoon (ET) at around 303.87 (EH/s).
Bitcoin’s hash rate reaches lifetime high in terms of hashes per second
On Wednesday, at block height 757,214, data from coinwarz.com showed that the total hash rate of bitcoin reached an all-time high (ATH). BTC’s network hashpower data indicates that the last hash rate ATH was recorded at block height 753,647 on September 11, 2022, when it reached approximately 301.87 EH/s.
Before the jump over 300 exahash, the network’s hashrate reached a prior ATH on June 8, 2022, at block height 739,928 reaching 292.02 EH/s. The most recent total computational power ATHs are taking place amid the crypto winter, as BTC prices are 70% below the crypto asset’s lifetime price high on November 10, 2021 ($69K).
Furthermore, the increase in hash rate comes at a time when BTC’s mining difficulty has also reached an all-time high in recent days. At block height 753,984, the difficulty increased from 30.97 trillion hashes to 32.05 trillion hashes.
While it is lower today at 31.36 trillion hashes, it’s expected to see a 7.10% increase during the next adjustment. If that adjustment estimate comes to fruition, the difficulty could reach 33.59 trillion hashes on October 10, 2022.
321.15 exahash per second equates to an all-time high of 0.32115 exahash per second (ZH/s). Whereas an exhash is one quintillion, a zhaash is an immeasurable 1,000,000,000,000,000,000,000 (one sextillion) hashes per second.
By 2:20 p.m. (ET), the total hashrate dropped below 300 exahash and it’s currently coasting along at 287.98 EH/s.
