Bitcoin
Bitcoin (BTC)
$57,059.00 6.38832
Bitcoin price
Ethereum
Ethereum (ETH)
$3,239.30 2.95982
Ethereum price
BNB
BNB (BNB)
$394.43 -0.47571
BNB price
Solana
Solana (SOL)
$107.09 -2.30523
Solana price
XRP
XRP (XRP)
$0.5753800 5.43153
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000106 8.89252
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000027 72.59142
Pepe price
El Hippo
El Hippo (HIPP)
$0.0000000056930 -1.13311
El Hippo price
Bonk
Bonk (BONK)
$0.0000149 18.58928
Bonk price
Bitcoin
Bitcoin (BTC)
$57,059.00 6.38832
Bitcoin price
Ethereum
Ethereum (ETH)
$3,239.30 2.95982
Ethereum price
BNB
BNB (BNB)
$394.43 -0.47571
BNB price
Solana
Solana (SOL)
$107.09 -2.30523
Solana price
XRP
XRP (XRP)
$0.5753800 5.43153
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000106 8.89252
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000027 72.59142
Pepe price
El Hippo
El Hippo (HIPP)
$0.0000000056930 -1.13311
El Hippo price
Bonk
Bonk (BONK)
$0.0000149 18.58928
Bonk price
Bitcoin
Bitcoin (BTC)
$57,059.00 6.38832
Bitcoin price
Ethereum
Ethereum (ETH)
$3,239.30 2.95982
Ethereum price
BNB
BNB (BNB)
$394.43 -0.47571
BNB price
Solana
Solana (SOL)
$107.09 -2.30523
Solana price
XRP
XRP (XRP)
$0.5753800 5.43153
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000106 8.89252
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000027 72.59142
Pepe price
El Hippo
El Hippo (HIPP)
$0.0000000056930 -1.13311
El Hippo price
Bonk
Bonk (BONK)
$0.0000149 18.58928
Bonk price
Bitcoin
Bitcoin (BTC)
$57,059.00 6.38832
Bitcoin price
Ethereum
Ethereum (ETH)
$3,239.30 2.95982
Ethereum price
BNB
BNB (BNB)
$394.43 -0.47571
BNB price
Solana
Solana (SOL)
$107.09 -2.30523
Solana price
XRP
XRP (XRP)
$0.5753800 5.43153
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000106 8.89252
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000027 72.59142
Pepe price
El Hippo
El Hippo (HIPP)
$0.0000000056930 -1.13311
El Hippo price
Bonk
Bonk (BONK)
$0.0000149 18.58928
Bonk price

Bitcoin hash rate hits new high with 544 EH/s

bitcoin-hash-rate-hits-new-high-with-544-eh-s
Edited by
Markets
Bitcoin hash rate hits new high with 544 EH/s

The Bitcoin (BTC) network hashrate reached a record high of 544 exahashes per second (EH/s).

According to Blockchain.com, the hash rate reached a record high on Dec. 25. The network’s hash rate has doubled this year, rising 130% since January.

Bitcoin hash rate hits new high with 544 EH/s - 1
Source: Blockchain.com

Notably, during the same period that BTC’s hash rate increased, the asset’s price almost followed suit, rising more than 150% since Jan. 1, 2023.

At the same time, the hash price, a measure of profitability, has fallen over the past week as the Ordinals’ craze for BRC-20 has cooled. According to HashrateIndex, the hash price is currently $0.09 per terahash per second per day. Profitability fell 34% from its 2023 high of $0.136 TH/s/day on Dec. 17.

Bitcoin hash rate hits new high with 544 EH/s - 2
Source: HashrateIndex

In addition, on Dec. 23, Bitcoin mining difficulty updated its historical record past weekend. The indicator increased by 6.98% to 72.01 T, according to BTC.com. The previous maximum was recorded on Nov. 26, when the difficulty reached 67.96 T. On Jan. 5, 2024 the difficulty of mining the first cryptocurrency is predicted to increase by another 1.6% to 73.16 T.

Bitcoin hash rate hits new high with 544 EH/s - 3
Source: BTC.com

The difficulty of mining is growing as the price of Bitcoin rises. The BTC rate at the time of writing is hovering around $42,700, according to CoinGecko. Over the past month, the asset has risen in price by 13% and reached new highs since April 2022. Several analysts also think Bitcoin will see a major parabolic uptrend after the next halving in April 2024.

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