Fun

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

News Feed - 2022-10-06 05:10:27

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


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 Hashrate Reaches a Lifetime High in Terms of Hashes per Second


On Wednesday, at block height 757,214, statistics from coinwarz.com shows Bitcoin’s total hashrate reached an all-time high (ATH). BTC’s network hashpower data indicates that the last hashrate ATH was recorded on September 11, 2022, at block height 753,647, when it reached approximately 301.87 EH/s. Bitcoin’s total network hashrate reached an all-time high on October 5, 2022, at block height 757,214.


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 hashrate increase has taken place at a time when BTC’s mining difficulty also tapped an all-time high in recent times. 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.


The 321.15 exahash per second all-time high is equal to 0.32115 zetahash per second (ZH/s). While an exahash is a quintillion, a single zetahash is an unfathomable 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. Tags in this story 0.32115 zetahash, 1600 blocks, 321 exahash, 321.15 EH/s, 33.59 trillion, Antpool, bitcoin block rewards, bitcoin blocks, Bitcoins, block rewards, Blocks, BTC Hashrate, computational power, difficulty, difficulty retarget, Exahash, Hashpower, Hashrate, hashrate ATH, mining, mining bitcoin, Mining BTC, one sextillion, Proof-of-Work (PoW), zettahash


What do you think about Bitcoin’s hashrate hitting an all-time high at 321 exahash per second? Let us know what you think about this subject in the comments section below. Jamie Redman


Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today. Argentine Oil Subsidiary YPF Luz Powering Bitcoin Mining Activities With Residual Gas MINING | 2 days ago Data Shows Bitcoin"s Hashrate Has Grown by More Than 4 Quadrillion Percent Since 2009 MINING | 2 days ago


Image Credits: Shutterstock, Pixabay, Wiki Commons, coinwarz.com Previous articleWhiteBIT Has Added the Polygon Network to Its Decentralized Exchange WhiteSwap Next articleOver 300 NFTs From Three Arrows Capital’s NFT Fund Moved by Liquidator to New Wallet Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItFollowing a Brief Fee Spike, Gas Prices to Move Ethereum Drop 76% in 12 Days


Transaction fees on the Ethereum network are dropping again after average fees saw a brief spike on April 5 jumping to $43 per transfer. 12 days later, average ether fees are close to dropping below $10 per transaction and median-sized ... read more.Today"s Top Ethereum and Bitcoin Mining Devices Continue to Rake in Profits Bill ‘On Digital Currency’ Caps Crypto Investments for Russians, Opens Door for Payments Digital Ruble ‘Much Needed,’ Russia’s Central Bank Says, Won’t Delay Testing Microbt Reveals Latest Bitcoin Mining Rigs — Machines Produce up to 126 TH/s With Custom 5nm Chip Design

News Feed

New York jury convicts two promoters of IcomTech crypto ‘Ponzi’
Jesse Coghlan3 hours agoNew York jury convicts two promoters of IcomTech crypto ‘Ponzi’David Brend and Gustavo Rodriguez were convicted of wire fraud conspiracy for helping promote and run the now-collpased fake cry
Telegram-linked Toncoin flips Cardano to become 9th-largest cryptocurrency
Zoltan Vardai8 hours agoTelegram-linked Toncoin flips Cardano to become 9th-largest cryptocurrencyAfter pushing out Cardano’s ADA, TON became the ninth-largest cryptocurrency by market cap. Can it maintain momentum to
White Paper Published by Microsoft Describes an Ethereum-Based Tool to Combat Pirated Content
White Paper Published by Microsoft Describes an Ethereum-Based Tool to Combat Pirated Content Researchers from Microsoft, Alibaba Group, and Carnegie Mellon Univ
Solana Bulls Push For A Price Recovery Amid Market Volatility
Este artículo también está disponible en español. Solanais showing renewed strength, signaling a potential turnaround after holding above $137 decisively. Buyers are step
dYdX v3 compromised in an apparent DNS attack
Christopher Roark6 hours agodYdX v3 compromised in an apparent DNS attackAn attacker appears to have installed a token-draining program on the official domain for dYdX version 3.0.853 Total views2 Total sharesListen to a
SEC Chairman Says Satoshi Nakamoto’s Innovation Is Real, Crypto Rules Are Clear
SEC Chairman Says Satoshi Nakamoto"s Innovation Is Real, Crypto Rules Are Clear The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler,
Key Ethereum price metric targets $5.4K ETH in 2024
Zoltan Vardai5 hours agoKey Ethereum price metric targets $5.4K ETH in 2024On-chain data and several crypto analysts suggest that Ethereum price could target the $5,400 level at some point in 2024.1548 Total views3 Total
Ethereum Downswing To $2,900 Could Be A ‘Buy-The-Dip Opportunity’ – Analyst Expects Bullish Surge
Este artículo también está disponible en español. Ethereum has seen a sharp 14% drop in less than two days, intensifying concerns across the crypto market during a sellof
Cointelegraph Innovation Circle9 hours ago16 tips to help blockchain companies refine their marketing messagesBlockchain companies aren’t just selling themselves; they’re also selling the industry’s technology and
Compound Facing More Problems: More Than $140 Million in Tokens up for Grabs
Compound Facing More Problems: More Than $140 Million in Tokens up for Grabs Compound, one of the main cryptocurrency lending protocols on Ethereum, is facing serious problems agai
Side-Chaining $3 Billion in Value: There’s More Than 141,000 Tokenized Bitcoins Issued on Ethereum
Side-Chaining $3 Billion in Value: There"s More Than 141,000 Tokenized Bitcoins Issued on Ethereum According to onchain statistics, there is a colossal amount of
Analyst Points To Key Bitcoin Metric Indicating A Strong Uptrend—$90K in Sight?
Este artículo también está disponible en español. Bitcoin (BTC) has been on an upward trend in recent weeks, showing positive price movements that appear quite appealing