Bitcoin's hashrate increased exponentially from six million hashes per second (H/s) to the recent two hundred ninety-five quintillion H/s.
Despite the lower bitcoin U.S. dollar exchange rate and a difficulty that’s close to the ATH, miners have continued to increase their hashpower. In fact, there is no computational network today, that has exponentially risen at the pace the Bitcoin Network’s hashrate has increased during the last decade.
Current block times have been less than the ten-minute average at 9:01 minutes at the time of writing. On October 1, 2022, the block interval was even faster atin between blocks. Difficulty adjustments are a lot more common every two weeks than they were in the early days . It wasn’t until February 2, 2010, or block height 40,320 that the difficulty rose above 1 hash and by September 18, 2017, at block height 485,856 Bitcoin’s network difficulty rose above 1 trillion hashes for the first time.
Just like the hashrate, Bitcoin’s mining difficulty has risen exponentially as well, increasing three quadrillion percent since February 2, 2010, or during the course of the last 4,626 days. At the time of writing, more than 756,888 bitcoin blocks have been mined into existence and 1,831,949.98
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