Bitcoin’s network hit a groundbreaking milestone on December 31, 2024, with its hashrate reaching a staggering 808 quintillion H/s. This achievement set a new benchmark, surpassing previous records and highlighting the network’s robust growth over 16 years from its initial 948,000 H/s.

The increased mining difficulty, now at 109.78 trillion, showcases the challenges miners face in earning rewards. As the network continues expanding with 62 active mining pools, Bitcoin’s technological evolution mirrors its commitment to scalability and resilience in the face of rising computational demands.