Bitcoin Hashrate Hits New Record as New ASIC Miners Brought Online

Bitcoin’s hashrate – the computing power dedicated to mining the world’s biggest cryptocurrency by market capitalization – hit another record high as thousands of new miners came online in the last few months.

Data from bitcoin mining pool showed another milestone level passed. At block height 594,720 , the average hashrate jumped to 85.08 exahashes per second (EH/s), smashing the previous record rate of 77.08 EH/s on September 1.

Mining Difficulty

As ever more powerful mining rigs come online and compete for bitcoin rewards, the hashrate increases as the network’s blockchain adjusts its mining difficulty to ensure the time to produce a single block remains the same – around 10 minutes.

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