Bitcoin Hash Rate Surges to New All-Time High of 148 EH/s

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Thu, 01/07/2021 - 11:28
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Yuri Molchan
Bitcoin hash rate has reached a new all-time high on the wave of BTC's rise
 Bitcoin Hash Rate Surges to New All-Time High of 148 EH/s
Cover image via stock.adobe.com

The Bitcoin hash rate, the overall amount of computational power used on the Bitcoin network, has surged to a new all-time high of 148.727 EH/s, as per data supplied by Blockchain.com.

BTC
Image via Blockchain.com

The previous record hash rate was recorded on Jan. 1, totaling 142.735 EH/s.

On that day, Bitcoin was trading at the $29,365 level and, the following weekend, it surpassed $30,000 and then $33,000.

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Miners press on with their efforts as Bitcoin keeps climbing to new consecutive all-time highsnow trading at $37,183, as per CoinMarketCap.

Bitcoin's processing power has grown, making the biggest cryptocurrency more resilient to a 51 percent attack.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.