While the next difficulty change for Bitcoin is just two days away, the network’s hashrate soared to unprecedented heights, reaching 491.15 exahash per second (EH/s) on May 02, 2023, at block height 787,895. This staggering amount of computational power came tantalizingly close to a half zettahash or five hundred quintillion hashes per second.
Bitcoin’s Hashrate Surges to Unprecedented Heights, Nearly Reaching Half a Zettahash
On the second day of May 2023, Bitcoin’s hashrate achieved a remarkable feat, tapping into a new record at block height 787,895. In a stunning display of computational power, the network reached a 24-hour high of approximately 491.15 EH/s. This momentous spike in hashrate comes at a time when the network has been recording an average of roughly 344.4 EH/s over the past 2,016 blocks, with the hashrate dipping below the 300 EH/s range on five separate occasions since April 2, 2023.
However, the month of April has seen slower block intervals, with block times
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