#BTCHashratePeak $BTC #BTC

The current Bitcoin hashrate has reached new heights, with recent data showing a peak of around 890 EH/s. This significant milestone reflects the growing security and resilience of the Bitcoin network. Here's what you need to know ¹ ²:

- *Current Hashrate*: The Bitcoin network's current hashrate is approximately 890 EH/s, indicating a strong and secure network.

- *Recent Peak*: On October 21, the Bitcoin network achieved a new all-time high in hashrate, reaching 769.8 exahashes per second (EH/s).

- *Impact on Miners*: The increased hashrate puts pressure on miners, who are already facing challenges. Miners are seeking workarounds due to the US-China tariff war, which affects the shipment of Application-Specific Integrated Circuit (ASIC) miners.

- *US-Based Mining*: The US remains a leader in raw hashrate, with top mining corporations like Mara Holdings expanding their hashrate and building new facilities. FoundryUSA, the largest US-based mining pool, currently produces over 31% of blocks due to the inflow of overseas miners.

The growing hashrate demonstrates the increasing strength and security of the Bitcoin network ¹.