Bitcoin’s hashrate continues higher, albeit difficulty adjustment
The difficulty adjustment last week did not stop the surging hashrate, as we’ve seen new highs lately. However, the block production rate is now closer to normal, seeing daily fees recover.
Oct 18th 2022
Another all-time high for the Bitcoin hashrate last week, touching a 7-day average of 267 EH/s. The largest difficult adjustment since May 2021 did not scare miners, with more machines coming online.