The current average hashrate on the Bitcoin network has set a new ATH, according to Glassnode. As of October 12, 2023, this figure was 456.9 EH/s.
Smoothed seven-day moving average hashrate on the Bitcoin network. Data: Glassnode.
At the beginning of the year, the average hashrate was about 263 EH/s. Over ten months, this figure increased by 193 EH/s.
Hashrate growth in the Bitcoin network over the year. Data: Glassnode.
In August, experts from the Bernstein company said that large miners would benefit from an increase in hashrate on the Bitcoin network. According to analysts, their total hashrate is 72 EH/s. At the same time, they plan to increase this figure by 182% in the next 2-3 years.
On October 3, 2023, Bitcoin mining difficulty set a new ATH of 57.32 T.
Source: Cryptocurrency
I am an experienced journalist and writer with a career in the news industry. My focus is on covering Top News stories for World Stock Market, where I provide comprehensive analysis and commentary on markets around the world. I have expertise in writing both long-form articles and shorter pieces that deliver timely, relevant updates to readers.
