{"id":18037,"date":"2024-09-03T07:52:15","date_gmt":"2024-09-03T11:52:15","guid":{"rendered":"https:\/\/demo2.dedicatedhost247.com\/crypto\/bitcoin-hashrate-records-new-ath-surpassing-740-eh-s\/"},"modified":"2024-09-03T07:52:15","modified_gmt":"2024-09-03T11:52:15","slug":"bitcoin-hashrate-records-new-ath-surpassing-740-eh-s","status":"publish","type":"post","link":"https:\/\/demo2.dedicatedhost247.com\/crypto\/bitcoin-hashrate-records-new-ath-surpassing-740-eh-s\/","title":{"rendered":"Bitcoin Hashrate Records New ATH Surpassing 740 EH\/s"},"content":{"rendered":"<p> <br \/>\n<br \/><img src=\"https:\/\/bitcoinmagazine.com\/.image\/c_fit%2Ch_800%2Cw_1200\/MTk5NTIzMTk3NTA5NDQ1MjQ4\/what-is-bitcoin-mining.png\" \/><\/p>\n<p>The <a href=\"https:\/\/www.bitcoinmagazinepro.com\/charts\/bitcoin-hashrate-chart\/\">Bitcoin network hash rate<\/a> reached a new all-time high on September 3rd, surpassing 740 exahashes per second (EH\/s). This comes even as Bitcoin prices trade below $60,000.<\/p>\n<div>\n<blockquote class=\"twitter-tweet\"><p>\n                        <a href=\"https:\/\/twitter.com\/BitcoinMagazine\/status\/1830888493838672008\"><\/a>\n                    <\/p><\/blockquote><\/div>\n<p>A higher hash rate reflects more computational resources spent processing transactions and mining new Bitcoin. This is despite <a href=\"https:\/\/www.bitcoinmagazinepro.com\/bitcoin-price-live\/\">Bitcoin sliding over 10% this week<\/a>, which highlights the disconnect between network fundamentals and short-term pricing.<\/p>\n<p>Leading <a href=\"https:\/\/bitcoinmagazine.com\/tags\/bitcoin-mining\">mining<\/a> companies such as Whatsminer and MicroBT are launching advanced machines to take advantage of the surge in hash rate. Whatsminer has introduced four new mining rigs and a forthcoming solar-powered mining container system. Meanwhile, MicroBT has rolled out its M6XS+ miners, capable of processing between 190 and 450 terahash.<\/p>\n<p>Riot Platforms also purchased Block Mining for $92.5 million to enhance its hash rate and broaden its market presence. Additionally, miners are looking into AI integration and potential acquisition opportunities to address persistent identity challenges in the industry.<\/p>\n<p>Bitcoin&#8217;s rising hash rate indicates strong confidence in its long-term sustainability. With significant advancements in mining technology and supportive political conditions enhancing profits, miners are rapidly expanding their infrastructure to handle transactions and secure the Bitcoin network.<\/p>\n<p>While the <a href=\"https:\/\/www.bitcoinmagazinepro.com\/charts\/bitcoin-hashrate-chart\/\">hash rate<\/a> doesn&#8217;t directly influence Bitcoin&#8217;s price, it reinforces the underlying network security. Hashrate milestones also tend to precede bullish market moves and Bitcoin&#8217;s halving events.<\/p>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><br \/>\n<br \/><a href=\"https:\/\/bitcoinmagazine.com\/business\/bitcoin-hashrate-records-new-ath-surpassing-740-eh-s\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Bitcoin network hash rate reached a new all-time high on September 3rd, surpassing 740 exahashes per second (EH\/s). This comes even as Bitcoin prices trade below $60,000. A higher hash rate reflects more computational resources spent processing transactions and mining new Bitcoin. This is despite Bitcoin sliding over 10% this week, which highlights the disconnect between network fundamentals and short-term pricing. Leading mining companies such as Whatsminer and MicroBT are launching advanced machines to take advantage of the surge in hash rate. Whatsminer has introduced four new mining rigs&hellip;<\/p>\n","protected":false},"author":1,"featured_media":18038,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[30],"tags":[2430,45,3773,880,573,7589],"_links":{"self":[{"href":"https:\/\/demo2.dedicatedhost247.com\/crypto\/wp-json\/wp\/v2\/posts\/18037"}],"collection":[{"href":"https:\/\/demo2.dedicatedhost247.com\/crypto\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/demo2.dedicatedhost247.com\/crypto\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/demo2.dedicatedhost247.com\/crypto\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/demo2.dedicatedhost247.com\/crypto\/wp-json\/wp\/v2\/comments?post=18037"}],"version-history":[{"count":0,"href":"https:\/\/demo2.dedicatedhost247.com\/crypto\/wp-json\/wp\/v2\/posts\/18037\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/demo2.dedicatedhost247.com\/crypto\/wp-json\/wp\/v2\/media\/18038"}],"wp:attachment":[{"href":"https:\/\/demo2.dedicatedhost247.com\/crypto\/wp-json\/wp\/v2\/media?parent=18037"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/demo2.dedicatedhost247.com\/crypto\/wp-json\/wp\/v2\/categories?post=18037"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/demo2.dedicatedhost247.com\/crypto\/wp-json\/wp\/v2\/tags?post=18037"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}