Bitcoin's network computing power hits a record high

On April 17, according to CloverPool data, the computing power of the bitcoin network once exceeded 1000 EH/s, a record high, and it is now reported to be 893 EH/s; the current average computing power of the whole network in the past seven days is 888.85 EH/s. Although the increase in bitcoin computing power marks the improvement of cyber security, it also means that the cost of mining 1 bitcoin is increasing. Combined with the decrease in block rewards brought about by the halving of bitcoin in 2024, the increase in computing power may lead to the consolidation of small mining companies.