Bitcoin Hashrate ATH 725 EH/s October 2024 event
Overview
In October 2024, the Bitcoin network’s hashrate reached a new record, exceeding 700 exahashes per second for the first time during the week ending October 21, 2024, representing an approximate 6% rise week-on-week. Over the same period, mining difficulty increased by roughly 3.9% to a fresh high of 95.7 trillion. At the time, analysts noted that the proportion of the network attributable to publicly traded mining firms had also climbed to an all-time peak. This expansion occurred even as hashprice remained depressed, attributed to the ongoing deployment of newer, more efficient mining equipment following the April 2024 halving.
Within The Counterparty graph, Bitcoin Hashrate ATH 725 EH/s October 2024 connects to 1 tracked entity, most strongly to Bitcoin.
Relations
Top connections in The Counterparty knowledge graph (confidence-weighted, 1 of 1 total).
| Relation | Connected entity | Confidence |
|---|---|---|
launched | Bitcoin | 95% |
Sources
Facts in this record were checked against the following. Where a claim is not covered here, the record states only what the graph holds.
Questions on the record
What hashrate level was reached in October 2024?
Around October 21, 2024, Bitcoin’s hashrate exceeded 700 EH/s for the first time, following an increase of approximately 6% over the prior week.
What happened to mining difficulty?
During the same period, mining difficulty rose by roughly 3.9%, reaching a then-record of 95.7 trillion.