Bitcoin hash rate hits an all-time high

On 25 December, Bitcoin’s network hash rate registered a record high of 544.6 EH/s, according to Blockchain.com.

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On December 23, Bitcoin mining difficulty hit a new high at 72.01 T. The metric correlated with the network’s hashing power rose over the year in 20 of 27 recalculations.

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According to Glassnode, the seven-day smoothed moving average of the hash rate reached 544.9 EH/s on December 24.

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Hashprice fell to $0.09 per TH/s per day after hitting a yearly peak of $0.13 on December 17, according to Hashrate Index. The decline in mining profitability by 34% occurred as Bitcoin’s price retreated from the $44,000 mark to. By December 26, Bitcoin prices had fallen below $42,000 (CoinGecko).

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On December 17, the average transaction fee in the network also reached a yearly high, surpassing $37. At the time of writing, the figure had fallen to around $13, according to BitInfoCharts.

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As reported, the average daily revenue miners earned from fees exceeded $2 million — up 400% year on year, exceeded $2 million.