Bitcoin’s Computing Power Breaks Records, Pushing 862 EH/s Amid Mining Revenue Dip

On Friday, Bitcoin’s computing strength rocketed to an all-time peak of 862 exahash per second (EH/s), shattering the prior benchmark of 852 EH/s set when February kicked off.

Bitcoin’s Network Muscle Flexes

On March 28, the network’s aggregate processing velocity had climbed to 862 EH/s, edging past the earlier milestone by a decisive 10 EH/s. Data from hashrateindex.com, tracking seven-day simple moving averages (SMA), reveals that as of 10:30 a.m. Eastern Time, the system now hums at 857.77 EH/s—maintaining a steady, formidable rhythm in the wake of its latest feat.

Bitcoin’s total hashrate over the last 12 months. Source: hashrateindex.com

Bitcoin’s latest computational milestone emerges amid a current difficulty level of 113.76 trillion—a figure that modestly trails the 114.17 trillion peak observed seven weeks prior. Projections now suggest the difficulty adjustment, slated to recalibrate around April 5, 2025, is poised to climb by an estimated 5.33%, potentially propelling it past its former historic peak.

Yet these forecasts remain fluid, tethered to the whims of network activity until the next algorithmic recalibration arrives. The powerful computational might comes at a time when revenues have lowered for bitcoin miners as BTC’s price has slid lower. Two days prior, the hashprice—or the projected value of one petahash per second (PH/s)—registered at $50.27; today, it now rests at $47.11 per petahash.

The question now captivates: How might this computational momentum evolve as bitcoin’s valuation dips and the network braces for an anticipated difficulty escalation?