Bitcoin’s Hashrate Hits Record 549 EH/s in Early 2024 Amid Rising Difficulty and Lower Hash Price

As the archetypal week of 2024 concluded, Bitcoin’s hashrate shattered different beingness precocious connected Jan. 6, achieving an unprecedented 549 exahash per 2nd (EH/s). Though the hashrate dipped post-Dec. 25, 2023, falling from 546 EH/s to a debased of 510 EH/s, it rebounded amidst a declining hash terms and an intervening hike successful difficulty.

2024 Ushers successful Record-Breaking Hashrate for Bitcoin astatine 549 EH/s

Bitcoin’s seven-day mean hashrate achieved a caller highest connected Jan. 6, 2024, hitting 549 EH/s. This milestone surpassed the former record acceptable connected Dec. 25, 2023, erstwhile it reached 546 EH/s connected Christmas Day. The 549 EH/s equates to 549 quintillion hashes per 2nd (H/s) oregon 0.549 zettahash per 2nd (ZH/s). One zettahash represents 1,000 EH/s oregon 1,000,000 petahash per 2nd (PH/s).

Currently, the three-day elemental moving mean (SMA) indicates the hashrate peaked astatine 565 EH/s, yet the aforesaid three-day SMA documented connected Dec. 25, reveals a superior precocious of 580 EH/s. As of Jan. 7, 2024, precisely 50 mining pools are actively contributing hashrate to the Bitcoin network, with three-day SMA information positioning Foundry USA astatine the forefront.

Over the caller 3 days, Foundry has dominated with 26.93% of the hashrate, delivering 141.59 EH/s, portion Antpool intimately follows, committing 139.13 EH/s and securing 26.46% of the wide hashrate. Trailing down are F2pool, Viabtc, Binance Pool, and Marathon’s Mara Pool. This emergence successful hashrate coincides with a dip successful the hash price per petahash per 2nd (PH/s) worth and a caller 1.65% summation successful difficulty.

Despite the beardown hashrate, projections bespeak a imaginable alteration ranging from 1.59% to 8.5% owed to slower artifact intervals compared to the expected 10-minute average, with caller blocks clocking successful betwixt 10 minutes and 32 seconds to 10 minutes and 55 seconds. There’s little than 1,800 blocks near until the adjacent retarget scheduled for Jan. 19, 2024.

What bash you deliberation astir the latest hashrate high? Share your thoughts and opinions astir this taxable successful the comments conception below.