Bitcoin's computing power briefly surpassed 740 EH/s on September 3rd, setting a new historical high

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Bitget2024/09/03 13:57

According to Bitcoin Magazine, the hash rate of the Bitcoin network reached a historic high on September 3rd, exceeding 740 EH/s (currently fallen back to 669.69 EH/s), while the price of Bitcoin is below $60,000. A higher hash rate reflects that miners have invested more computational resources in processing and creating new Bitcoins. Despite a drop in Bitcoin prices by over 10% this week, it highlights a disconnect between short-term pricing and long-term network health.

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