Bitcoin Hash Rate Back to All-Time High

After a brief slowdown in May, the Bitcoin network’s hash rate reportedly rebounded to a new all-time high. Overall, the hash rate now stands at 258 exahashes (EH/s). According to publicly available hash rate data, the average daily hash rate has surged by 4.41% in the past 24 hours alone. A week ago, the hash rate was as low as 188 EH/s. The previous hash rate record was set at 251 EH/s on May 2, before it began to decline. According to the Cambridge Index, Bitcoin currently consumes an estimated 125 terawatt-hours of electricity annually. This is far more than any other encrypted network, even in some countries like Finland.