Despite Significant Difficulty and Low BTC Price, Bitcoin’s Hashrate Continues to Climb Higher
Following the largest difficulty increase the Bitcoin network has seen in 2022, the network’s hashrate has not been affected by the 13.55% increase. In fact, five days ago at block height 758 ,138, the network’s computational power surpassed the all -time high (ATH) recorded on October 5, as it reached 325.11 exahash per second (EH/s) on October 11. Moreover, block generation intervals have been less than ten minutes per block, which means another notable difficulty increase is expected to happen on October 23. 325 EH/s — Bitcoin’s Hashrate Taps Another ATH Following the Last Difficulty Retarget It’s been six days since Bitcoin’s last difficulty retarget, which saw the largest rise this year when the metric jumped 13.55% higher than the difficulty setting codified 2,016 blocks before block 758,016. Despite the difficulty increase and bitcoin’s (BTC) U.S. dollar value sliding to $18,183 on October 13, the network’s computationa...