Bitcoin (BTC) Network Hits Record Hashrate

This milestone highlights the increased security of the world's first large-scale blockchain network.

On October 21, Bitcoin ‘s network hashrate – which measures the total computing power used to protect the blockchain – reached a new all-time high of 769.82 exahash per second (EH/s).

According to BitInfoCharts data, Bitcoin’s hash rate has been steadily increasing since 2021. This growth is often attributed to advances in mining hardware, particularly the development of application-specific integrated circuits (ASICs) that are optimized for mining.

As the hashing power of Bitcoin increases, so does the cost to mine a single BTC token.