Bitcoin’s Hashrate Hits Record 549 EH/s in Early 2024 Amid Rising Difficulty and Lower Hash Price

Bitcoin’s Hashrate Hits Record 549 EH/s in Early 2024 Amid Rising Difficulty and Lower Hash Price

As the first week of 2024 concluded, Bitcoin’s hashrate shattered another lifetime high on Jan. 6, achieving an unprecedented 549 exahash per second (EH/s). Though the hashrate dipped post-Dec. 25, 2023, falling from 546 EH/s to a low of 510 EH/s, it rebounded amidst a declining hash price and an intervening hike in difficulty.
2024 Ushers in Record-Breaking Hashrate for Bitcoin at 549 EH/s
Bitcoin’s seven-day average hashrate achieved a new peak on Jan. 6, 2024, hitting 549 EH/s. This milestone surpassed the former record set on Dec. 25, 2023, when it reached 546 EH/s on Christmas Day. The 549 EH/s equates to 549 quintillion hashes per second (H/s) or 0.549 zettahash per second (ZH/s). One zettahash represents 1,000 EH/s or 1,000,000 petahash per second (PH/s).

Currently, the three-day simple moving average (SMA) indicates the hashrate peaked at 565 EH/s, yet the same three-day SMA documented on Dec. 25, reveals a superior high of 580 EH/s. As of Jan. 7, 2024, exactly 50 mining p

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