About two weeks ago, the network hashrate of #Bitcoin surpassed 800 EH/s for the first time, reaching a new all-time high of 805 EH/s on a 7-day moving average.

The hashrate has since retreated slightly and currently sits at 795 EH/s. Since the start of the year, the hashrate has increased by 280 EH/s, already surpassing the 250 EH/s added in 2023 — despite the halving putting significant pressure on mining margins.

If the network hashrate ends the year at 762 EH/s or higher, 2024 will go down in history as the year of record hashrate growth.