Bitcoin network hash rate has reached a new all-time high of over 540 exahashes per second. However, hash price and profitability are sinking again.
Bitcoin network computing power — or mining hash rate — reached a new all-time high on Christmas day, but has put putting more pressure on miners amid a slump in profitability.
On Dec. 25, Bitcoin’s hash rate reached an all-time high of 544 exahashes per second (EH/s), according to Blockchain.com. The data was confirmed by Bitinfocharts, which reported an average hash rate peak over the weekend.
It comes as network hash rates have more than doubled this year, climbing 130% since January.
