The Bitcoin network hash rate has climbed to an all-time high (ATH) of 69 quintillion hashes per second – 10x the number of grains of sand on Earth.
More Bitcoin Hashes Per Second than are Grains of Sand
According to Blockchain.com, the Bitcoin network hash rate is at a new ATH of 69 quintillion hashes per second (69 million terra hashes per second – TH/s). Hash rate refers to the computing power used in securing the network.
Since topping 60 quintillion TH/s back in mid-June 2019, the hash rate has continued to increase. This growth is in tandem with the trend established in 2019 as technical fundaments have been on the rise since the dip experienced in late 2018.
The Bitcoin network hash rate is now more than 2x the level it was in December 2018 and has grown by about 900 percent in the last two years. Mining difficulty is also at an all-time high, furthering the network’s robust security.
To put the significance of the current hashing capacity of the Bitcoin network, consider the following. According to a research team at the University of Hawaii, there are about 7.5 quintillion grains of sand on the earth.
As Kevin Rooke put it, in a tweet published on Sunday (June 30, 2019), “every single second, the Bitcoin network performs 10x as many hashes as grains of sand on the planet.”
If 69 quintillion is a number that feels too large to comprehend, consider this…
There are an estimated 7 quintillion grains of sand on earth. Every single second,