Bitcoin’s hashrate tapped a lifetime high this weekend reaching 271.19 exahash per second on Saturday, April 23 at block height 733,197.
Bitcoin’s hashpower has never been higher than this point in history and since block height 717,696 or January 8, 2022, the hashrate’s record high is an increase of 55.48% since then.
Following a downward difficulty adjustment algorithm change at block height 731,808, which saw the difficulty drop by 1.26%, the network is expected to see a DAA increase in roughly three days.
If the estimated DAA increase of 3.21% comes to fruition, Bitcoin’s network difficulty will jump from the current 28.23 trillion to a lifetime high of 29.13 trillion.
As Bitcoin’s hashpower tapped an ATH on Saturday, over the last three days, the top mining pool was Foundry USA capturing 22.55% of the global hashrate.
While statistics show that bitcoin’s price has not had the best first quarter in 2022, the hashrate increasing by more than 55% since that time is quite the feat.
Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News about the disruptive protocols emerging today.