Bitcoin network computing power is approaching its peak level again, temporarily reported at 660EH/s

BlockBeats news, August 26, according to News.bitcoin, the Bitcoin network computing power has climbed again, approaching the peak level at the end of July. Although the latest difficulty adjustment has dropped by 4.19%, it is expected that this decline may be offset soon. According to Luxor's hashrateindex data, Bitcoin's current computing power is about 660 EH/s, only 17 EH/s lower than the peak of 677 EH/s set on July 25, 2024.

As the computing power remains high, the block interval is about 9 minutes and 36 seconds on average, slightly faster than the usual 10 minutes. This accelerated block speed may cause the difficulty adjustment on August 28 to offset the previous decline, and may even push the difficulty to a record high of 90.67 trillion. Currently, the difficulty of Bitcoin is 86.87 trillion. With computing power approaching historical highs, miners may soon face a difficulty increase.