Bitcoin’s computing power has soared to unprecedented levels, with the seven-day simple moving average (SMA) peaking at 566 exahash per second (EH/s) as of Jan. 30, 2024. Despite experiencing a slight decline in mid-January, the network’s hashrate is on an upward trajectory, in anticipation of the expected difficulty adjustment set for Feb. 2, 2024.
Bitcoin Sets New Computational Milestone With 566 EH/s Hashrate
On Jan. 30, 2024, Bitcoin’s total hashrate achieved a milestone, reaching 566 EH/s, as evidenced by the seven-day simple moving average (SMA). It’s natural to question why higher hashrate figures might appear higher in 24-hour or three-day analyses. The discrepancy arises because these shorter-term metrics are commonly used but don’t offer the same consistency as the seven-day SMA.
Luxor‘s mining operation, through its website hashrateindex.com, clarifies that most analyses typically focus on periods covering three days (432 blocks), seven days (1,008 blocks), and
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