Bitcoin ended 2023 on a high note, breaking records in transactional volumes and hashrate. As the cryptocurrency welcomed the New Year, it continued its streak of success by reaching a peak hashrate of 808 exahash per second (EH/s), surpassing previous limits with ease.
The evolution of Bitcoin’s mining power over the past 16 years has been nothing short of remarkable. Starting with a humble 948,000 hashes per second (H/s), the network has grown exponentially to an astounding 808 quintillion hashes. This growth is a testament to the resilience and adaptability of the Bitcoin network, which has consistently pushed boundaries and overcome challenges.
In 2025, Bitcoin’s hashrate is off to a blazing start, with the seven-day simple moving average hitting a record 808 EH/s on December 31, 2024. This milestone represents a significant increase from the previous high of 805-806 EH/s just weeks earlier. The three-day SMA paints an even more impressive picture, showing a peak of 836 EH/s. This growth is supported by a 1.16% uptick in mining difficulty, which now stands at 109.78 trillion.
As of January 1, 2025, Bitcoin’s computational power sits at 799.99 EH/s, with 62 unique mining pools contributing to its strength. The continuous expansion of Bitcoin’s hashrate reflects a trend of sustained growth and innovation within the cryptocurrency ecosystem. Miners are actively contributing to the network’s strength, ensuring its ongoing success and adaptability to new challenges.
Looking ahead, Bitcoin’s trajectory suggests even greater achievements on the horizon. The network’s record-breaking computational power and increasing difficulty are clear indicators of its maturing market. As Bitcoin approaches its 16th anniversary, it is poised for another year of significant growth and technological advancements.
In the face of challenges such as the upcoming 50% cut in mining revenue every four years, Bitcoin remains resilient and poised for continued success. The cryptocurrency’s ability to adapt and evolve in the ever-changing landscape of digital finance is a testament to its enduring value and potential for future growth. As we enter 2025, Bitcoin’s momentum shows no signs of slowing down, setting the stage for another year of innovation and progress in the world of cryptocurrency.