Bitcoin
After breaking the record on July 25, 2024, the hash rate of bitcoin continued to rise on September 7 (Saturday), reaching an impressive 692.28 exahashes per second (EH/s) on September 8, surpassing the previous level by over 13 EH/s.
Bitcoin's hash rate reached another new high, climbing 66 EH/s in a week.
On September 8, 2024 (Sunday), the total hash rate of bitcoin surged to an impressive 692.28 EH/s, getting closer to the milestone of 700 EH/s. This marks another historical high for the bitcoin network this week. Throughout 2024, the computational power of the network has significantly increased from 393 EH/s to its current level.
Bitcoin's hash rate reached 692 EH/s, approaching the milestone of 700 EH/s.
According to Luxor's hashrateindex.com data, on September 8 (Sunday) at 12:15 PM Eastern Time, the hash rate of bitcoin was 692 EH/s.
This means that since September 8, 2023, the hash rate has increased by over 299 EH/s, a growth of 76.15% in the past year. In the past week, the hash rate has soared by 66 EH/s, reaching the current 692.28 EH/s. This growth aligns with the network's near-maximum difficulty level, while miner revenue has sharply declined.
According to Luxor's hashrateindex.com data, on September 8 (Sunday) at 12:15 PM Eastern Time, the hash rate of bitcoin was 692 EH/s.
This means that since September 8, 2023, the hash rate has increased by over 299 EH/s, a growth of 76.15% in the past year. In the past week, the hash rate has soared by 66 EH/s, reaching the current 692.28 EH/s. This growth aligns with the network's near-maximum difficulty level, while miner revenue has sharply declined.
Bitcoin's hash rate reached 692 EH/s, approaching the milestone of 700 EH/s.
According to Luxor's hashrateindex.com data, the change in bitcoin's hash rate on September 8 (Sunday) at 12:15 PM Eastern Time.
According to the data from hashrateindex.com by Luxor, the hash price, which is the valuation of 1 petahash per second (PH/s), has dropped to below $39.01 per PH/s per day as of yesterday. As of Sunday, the price per PH/s was $38.55. The steady increase in the Bitcoin hash rate indicates profound changes happening within the network, reflecting its growing strength and sustainability.
According to Luxor's hashrateindex.com data, the change in bitcoin's hash rate on September 8 (Sunday) at 12:15 PM Eastern Time.
According to the data from hashrateindex.com by Luxor, the hash price, which is the valuation of 1 petahash per second (PH/s), has dropped to below $39.01 per PH/s per day as of yesterday. As of Sunday, the price per PH/s was $38.55. The steady increase in the Bitcoin hash rate indicates profound changes happening within the network, reflecting its growing strength and sustainability.
The improvement in computing power has led to faster block intervals, averaging about 9 minutes and 28 seconds. This rapid speed paves the way for the expected difficulty adjustment that will take place on September 10th, with an estimated increase of 5.48%. If this estimation is correct, the difficulty will break the previous all-time high record set within the two cycles starting from July 31st.
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