Bitcoin's computing power reached a record high of 862 exahashes per second (EH/s) on Friday, surpassing its previous high of 852 EH/s set in early February.

Bitcoin's network capabilities are growing

On March 28, the overall network speed increased to 862 EH/s, exceeding the previous threshold by a significant 10 EH/s. Data from hashrateindex.com, which tracks seven-day simple moving averages (SMA), shows that as of 10:30 AM ET, the system is currently running at 857.77 EH/s, maintaining a steady and strong pace since its last achievement.

Total Bitcoin Hashrate Over the Last Year. Source: hashrateindex.com

Bitcoin’s latest milestone comes as its current difficulty level stands at 113.76 trillion — a figure that’s slightly off its 114.17 trillion peak set seven weeks ago. Forecasts now suggest that the expected difficulty correction, scheduled to recalibrate around April 5, 2025, should rise by around 5.33%, which could see it surpass its previous record.

However, these forecasts remain subject to change, depending on fluctuations in network activity until the next algorithm adjustment. The significant computing power comes at a time when Bitcoin miners’ profits have been squeezed by the falling price of BTC. Two days ago, the hash price — or the projected value of one petahash per second (PH/s) — was pegged at $50.27; today, it’s $47.11 per petahash.

The question now is: how will this computational momentum evolve as the value of Bitcoin declines and the network prepares for the expected increase in difficulty?

Source: cryptonews.net