Bitcoin Achieves Unprecedented Hashrate of 500 EH/s
New data reveals that Bitcoin’s hashrate has reached a record-breaking level of 500 exahash per second (EH/s) on a seven-day moving average. This is equivalent to 0.5 zettahash per second (ZH/s). The achievement marks the first time in history that the hashrate has reached such heights, with the three-day moving average reaching 526 EH/s.
Bitcoin Miners Close to Surpassing October Earnings
Bitcoin miners have already earned $861.07 million in revenue as of November, with over a week remaining in the month. In October, they earned a total of $885.05 million, including $20.96 million in fees. In November, fee revenue has already reached $113.52 million, making it the second most lucrative month of 2023 in terms of fee-generated income alone.
Petahash per Second Value Soars in November
In November, the daily value of a petahash per second (PH/s) has reached as high as $96.36, compared to an average of $82 to $85 over the past several days. During this time, a total of 1,077 blocks were mined, with Antpool and Foundry USA leading the way.
Bitcoin’s Hashrate Growth Over Time
Since its inception, Bitcoin’s hashrate has seen a tremendous increase from 4.21 megahash per second (MH/s) to 500 EH/s. This represents an eleven trillion percent increase since January 27, 2009. In just this year alone, Bitcoin’s hashrate has grown by 238 EH/s.
Hot Take: Bitcoin’s Hashrate Reaches New Heights
The recent surge in Bitcoin’s hashrate to 500 EH/s is a significant milestone for the cryptocurrency. This achievement demonstrates the growing strength and security of the Bitcoin network. With miners earning substantial revenue in November, it is clear that the mining industry continues to thrive. As Bitcoin’s hashrate continues to climb, it reinforces the resilience and long-term potential of the cryptocurrency. The future looks promising for Bitcoin as it solidifies its position as the leading digital currency.
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