Bitcoin Hashrate crosses 300 EH/s to create new ATH
On 3 October, Bitcoin’s hashrate stood at 224.48 EH/s. It jumped to 266.9 EH/s yesterday, but then fell back to 244.3 EH/s. On Wednesday, however, it rebounded and went on to clinch a new all-time high. JUST IN: #Bitcoin hashrate reaches a new all-time high of 302.56 EH/s. — Watcher.Guru (@WatcherGuru) October 5, 2022 Per CoinWarz’s data, at block number 757,147 Bitcoin’s hashrate reflected an ATH value of 302.56 EH/s. At press time, yet again, another minor pullback was noted as the metric’s reading was down to 291.46 EH/s. Source: CoinWarz Impact on Bitcoin miners On one hand, a rising hashrate indicates that the network is becoming more secure. But on the other, it puts pressure on miner profitability numbers. The revenue earned per Exahash by Bitcoin miners has been in a persistent and long-term downtrend. As illustrated below, the BTC-denominated reward has been hovering around its all-time low of 4.06 BTC per EH per day. The same tr...