Crypto:
30349
Bitcoin:
$64.230
% 0.26
BTC Dominance:
%54.0
% 0.22
Market Cap:
$2.34 T
% 1.02
Fear & Greed:
63 / 100
Bitcoin:
$ 64.230
BTC Dominance:
% 54.0
Market Cap:
$2.34 T

Bitcoin Hash Rate Surpasses 1EH/s for the First Time Ever in History!

Bitcoin Hash Rate

A historic milestone has been reached in Bitcoin’s history as the hash rate required to mine one Bitcoin has exceeded 1EH/s.

In a Twitter announcement, an official from the on-chain data and analytics platform CryptoQuant highlighted this unprecedented power requirement.

Bitcoin‘s halving, which occurs every four years, took place on April 20. As of that date, the reward for Bitcoin miners per block was halved to 3.25 BTC. According to CryptoQuant data, for the first time in history, more than 1 EH/s of hash power is required to produce one Bitcoin per day.

Currently, 1.13 EH/s of power is needed to mine one Bitcoin.

While this situation is negatively impacting Bitcoin miners, many companies are preparing to increase their power. Marathon Digital, the largest Bitcoin miner in the US, has announced plans to double its hash rate by the end of this year.

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