#Bitcoin hash rate has recently reached a historic high of 527 exahashes per second (EH/s), shattering previous records.
This milestone indicates an escalating level of computational power employed in the network, demonstrating the increasing popularity and security of the #BTC network.
Some key points about this achievement include:
The previous record was 551 EH/s, and the current hash rate is 527 EH/s.
A 7-day moving average shows the hash rate now stands at a record 512 EH/s, representing a 9% increase in just a week.
This surge in hash rate is stoking miner optimism and is considered a significant factor determining #bitcoin mining.
The Bitcoin fee per block during this cycle is notably higher, pointing towards potentially lucrative times for the mining community.
Bitcoin's price has experienced significant growth, with a 100% increase since the start of 2023, pushing its market cap above $700 billion.
This record-breaking hash rate highlights the resilience and growth of the Bitcoin network, attracting an increasing number of miners and #crypto investors.
