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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