900 EH/s and counting: Bitcoin network power reaches unprecedented heights

Bitcoin's hashrate has reached unprecedented levels, reaching a staggering 900 exahashes per second (EH/s) on April 6.

900 EH/s Passed: Bitcoin Security Becomes Even More Reliable

Just yesterday, at block 891,072, the network difficulty increased from 113.76 trillion to 121.51 trillion, an impressive 6.81% increase. It is generally accepted that as difficulty increases, mining becomes more difficult, which often results in a decrease in computing power as participants leave.

However, contrary to expectations, the hashrate not only did not decrease, but also increased significantly. After reaching an impressive 883 EH/s on April 5, it jumped to 900 EH/s the next day. This means that in just 24 hours, 17,000 petahashes per second (PH/s) or 17 EH/s were added to the network.

Seven-day simple moving average (SMA) data from hashrateindex.com on Sunday, April 6, 2025.

Before the difficulty change, the spot hash rate — the projected revenue for 1 PH/s — was hovering at $46.67 on April 5. It is now $43.27 per PH/s, reflecting the changing economics of mining. Additionally, block intervals have been significantly faster than the average of 10 minutes, which has contributed to the difficulty increase.

Current conditions suggest otherwise. As of 9 a.m. on April 6, the hashrate has dropped to 889.62 EH/s, accompanied by slow block times—an average of 11 minutes and 39 seconds, according to hashrateindex.com. Transaction fees remain low, with high-priority transfers processing for just 1 sat/vB (just $0.12). Meanwhile, a modest queue of 2,686 unconfirmed transactions awaits in the mempool.

The latest network data shows that the mining sector is bending but not breaking, precisely recalibrating. Small fluctuations in key indicators signal changing trends that could impact miners’ profitability and tactical plans.

The delicate balance between demand and supply of computing resources points to a risky dance of incentives, where creativity and persistence enhance performance in a competitive arena full of opportunity.

Source: cryptonews.net