{"id":45164,"date":"2025-09-02T00:01:32","date_gmt":"2025-09-02T00:01:32","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=45164"},"modified":"2025-09-02T00:01:32","modified_gmt":"2025-09-02T00:01:32","slug":"bitcoin-network-bigger-than-ever-hashrate-sets-new-record","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=45164","title":{"rendered":"Bitcoin Network Bigger Than Ever: Hashrate Sets New Record"},"content":{"rendered":"
\n

On-chain data shows the 7-day average Bitcoin Hashrate has just set a new all-time high (ATH), despite the asset\u2019s price still being down.<\/p>\n

Bitcoin Hashrate Has Shot Up To New Highs Recently<\/h2>\n

The \u201cHashrate<\/a>\u201d refers to a Bitcoin metric that keeps track of the total amount of computing power that the miners as a whole have connected to the BTC network. Its value is measured in terms of hashes per second (H\/s), or the more practical exahashes per second (EH\/s).<\/p>\n

When the indicator observes an increase, it means existing miners are in expansion mode and\/or new validators are joining the blockchain. Such a trend implies BTC mining is appearing a profitable venture to this cohort.<\/p>\n

On the other hand, the metric\u2019s value going down implies some miners are pulling back on their power, likely because mining revenue<\/a> is no longer justifying the electricity costs.<\/p>\n

Now, here is a chart from Blockchain.com<\/a> that shows the trend in the 7-day average value of the Bitcoin Hashrate over the past year:<\/p>\n

\"Bitcoin<\/p>\n

As displayed in the above graph, the 7-day average Bitcoin Hashrate has witnessed a breakout recently and surged to fresh ATHs. For the last few months before this surge, the metric had been stuck inside a range, only setting records slightly higher than the last with each peak. With this breakout, it seems the network may finally have shoved off this phase of stagnation.<\/p>\n

On Sunday, the indicator broke past the 1,000 EH\/s milestone, taking it into the territory of a new unit: zettahashes per second (ZH\/s). This unit involves 21 zeroes. Note that the daily value of the metric breached this mark some time ago, but this is the first time the 7-day average has done so.<\/p>\n

Interestingly, the latest rise in the Hashrate has come despite the fact that the BTC price has been following a bearish trajectory. Miner revenue is directly correlated to the asset\u2019s value, so these validators often expand or decommission according to the price trend.<\/p>\n

With the Hashrate going against the price this time, it would appear the Bitcoin miners are making a bold bet that a reversal would occur for the cryptocurrency in the near future. It only remains to be seen whether the conviction will pay off.<\/p>\n

Something that could slam the brakes in the miner expansion party is the upcoming Difficulty<\/a> adjustment, which is currently estimated to raise the toughness of the miners\u2019 job by more than 5%, according to CoinWarz<\/a>.<\/p>\n

\"Bitcoin<\/p>\n

Generally, miners who are already making a low amount of revenue get pushed to their limit when Difficulty increases occur, so the Hashrate tends to observe a pullback around them.<\/p>\n

BTC Price<\/h2>\n

At the time of writing, Bitcoin is trading around $108,700, down 2% over the past week.<\/p>\n

\"Bitcoin<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

On-chain data shows the 7-day average Bitcoin Hashrate has just set a new all-time high (ATH), despite the asset\u2019s price still being down. Bitcoin Hashrate Has Shot Up To New Highs Recently The \u201cHashrate\u201d refers to a Bitcoin metric that keeps track of the total amount of computing power that the miners as a whole […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-45164","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/45164","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=45164"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/45164\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=45164"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=45164"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=45164"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}