Bitcoin

Bitcoin’s hashrate reached an unprecedented 746 exahashes per second (EH/s) on September 3, 2024, marking a new all-time high for the network. This spike in computational power underscores the growing confidence in Bitcoin’s security and infrastructure, even as prices face short-term volatility. 
Despite Bitcoin’s price drop of 10% over the past month, <a href="https://ultramining.com/news/en/blockstream-aims-for-bitcoin-profit-with-mining-rig-investment-ahead-of-2024-halving/">mining companies</a> like Whatsminer and <a href="https://ultramining.com/en/manufacturers/microbt/">MicroBT</a> have introduced new high-performance rigs to capitalize on the rising hashrate. The hashrate increase signals strong long-term fundamentals for Bitcoin, with more miners joining the network, ensuring greater decentralization and security. 
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Bitcoin Hashrate Hits Record 746 EH/s in September 2024, Setting New Milestone

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