Bitcoin Hashrate ATH 725 EH/s October 2024 event

Event · PageRank 0.0008

Also known as: hashrate ATH 2024, 700 EH/s milestone

Overview

Bitcoin's network hashrate set new all-time highs in October 2024, surpassing 700 EH/s for the first time in the week to October 21, 2024, a roughly 6% weekly increase. Mining difficulty adjusted upward by about 3.9% in the same period to a record 95.7 trillion. Reporting at the time noted that publicly listed miners' share of the network was also at a peak. The growth came despite depressed hashprice, reflecting continued deployment of newer, more efficient mining hardware after the April 2024 halving.

Within the DeFi Intel graph, Bitcoin Hashrate ATH 725 EH/s October 2024 connects to 1 tracked entity, most strongly to Bitcoin.

Relations

Top connections in the DeFi Intel knowledge graph (confidence-weighted, 1 of 1 total).

Frequently asked questions

What hashrate level was reached in October 2024?

Bitcoin's hashrate surpassed 700 EH/s for the first time, reported around October 21, 2024, after a roughly 6% increase over the preceding week.

What happened to mining difficulty?

Difficulty rose about 3.9% to a then-record 95.7 trillion in the same period.

Why is a hashrate record notable after a halving?

Because the April 2024 halving cut miner revenue per block and hashprice was near record lows, yet operators continued adding capacity, with listed miners' share of the network reaching a peak.