Bitcoin Hashrate Soars to All-Time High

04 February, 2025, 04:30 PM

Bitcoin's hashrate, a measure of the computational power securing the network, has reached a new all-time high of 828.24 EH/s (exahashes per second), according to data from CloverPool. This surge in hashrate indicates increased miner participation and network security for Bitcoin. The rise in hashrate is attributed to several factors, including the increasing price of Bitcoin, the halving of block rewards in May 2020, and the development of more efficient mining hardware. The higher hashrate makes it more difficult to attack the Bitcoin network, providing greater confidence to investors and users. This all-time high hashrate is a testament to the strength and resilience of the Bitcoin network. As the price of Bitcoin continues to rise, the hashrate is likely to increase further, further securing the network and ensuring its long-term viability.