Bitcoin’s Hashrate Reaches 692 EH/s, Nearing 700 EH/s Milestone.
After breaking the July 25, 2024 record on Saturday, Sept. 7, Bitcoin’s hashrate has kept climbing, now reaching an impressive 692.28 exahash per second (EH/s) on Sept. 8, which is more than 13 EH/s above the previous level.
https://yakihonne.s3.ap-east-1.amazonaws.com/89f93336152fbe149c10445b7e780339e16f9ed7ceeb1596414c65c2779b7582/files/1725844896636-YAKIHONNES3.webp
*Bitcoin’s hashrate according to Luxor’s hashrateindex.com on Sunday, Sept. 8, at 12:15 p.m. EDT.*
The rising hashrate is a positive indicator for the Bitcoin network, as it enhances overall security and stability. A higher hashrate means that more computational power is being used to validate transactions and secure the network, making it more resistant to attacks. Historically, milestones in hashrate have often preceded bullish market movements and are closely watched by investors and analysts alike
Oddbean new post about login | logout 