Bitcoin's hash rate hits all-time high

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Bitcoin's hash rate has reached its all-time high according to data from Blockchain.com. As of July 5, 2019, Bitcoin's hash rate broke 74.5 million tera hashes per second — up 109% year-over-year. Bitcoin's previous all-time high hash rate was reached on June 29, 2019, at 68.6 million tera hashes per second.

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Steven Zheng is a researcher for The Block. He joined The Block in August 2018. Steven graduated from St. John’s University with a degree in economics. Previously, he covered blockchain and crypto at Radicle, a startup analytics firm. He also had brief stints at Cheddar, a media startup, and Bowery Capital, a venture capital firm. He owns bitcoin. Follow Steven on Twitter at: @Dogetoshi

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