Bitcoin hash rate hits new all time high, just shy of 150 exahashes per second

posted 7 months ago
Bitcoin’s hash rate — the measure of the computational power processing transactions — today hit a new all-time high, just shy of 150 exahashes per second, that is — 150 with 18 zeroes after it — hashes every second.

This signifies that ahead of the halving, Bitcoin miners are allocating more capital and machinery to the network than ever before. Whether or not the surge is related to the launch of new mining machines, new ASICs, or Chinese regulation is not clear. Bitcoin holders have already experienced the effects of the recent surge in hash rate, with block explorers registering 16 blocks mined in one hour just days ago, more than the 6 blocks per hour average.
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