Bitcoin Hashrate Hits Record High As Prices Fall Below $55,000

As bitcoin fell below $55,000 this week, something rather interesting happened behind the scenes. On September 7, 2024, the network’s computing power reached a new lifetime high. The seven-day simple moving average (SMA) for Bitcoin’s total hashrate rose to 679 exahash per second (EH/s) on Saturday, a slight increase of 2 EH/s from the previous (…)