Crypto:
30253
Bitcoin:
$66.082
% 0.17
BTC Dominance:
%54.0
% 0.46
Market Cap:
$2.41 T
% 1.30
Fear & Greed:
74 / 100
Bitcoin:
$ 66.082
BTC Dominance:
% 54.0
Market Cap:
$2.41 T

Bitcoin Hash Rate Sets Record High

Bitcoin Hash Rate

Bitcoin’s security is getting a boost as the network’s hash rate, a measure of computing power dedicated to mining, reaches an all-time high. The 14-day moving average hash rate has now surpassed 586 exahashes per second (EH/s), solidifying the digital asset’s security.

While a one-day peak of 711 EH/s was recorded on March 7th, the 14-day average provides a more reliable picture by smoothing out short-term fluctuations. This significant increase in hash rate points towards a predicted difficulty adjustment exceeding 3% in the coming epoch change on March 14th, according to Newhedge.

Bitcoin Hash Rate Percent Change: (Source: Glassnode)
Bitcoin Hash Rate Percent Change: (Source: Glassnode)

Bitcoin‘s core design prioritizes a consistent block time of roughly 10 minutes. This difficulty adjustment directly impacts the estimated timing of the next Bitcoin halving event. Based on the Clarkmoody dashboard, maintaining the ten-minute average block time could see the halving occur around April 21st.

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