Bitcoin hashrate reaches new ATH at 342 Exabytes as the broader market continues an upward trajectory

After hitting a low of around 75 Ehashes after the banning of mining in China (June 2021), the hashrate has been on an upwards tear even before the major price movements.

Number of transactions has gained slightly with the new price movements, but are still staying about average at roughly 260k ish a day.

This has allowed to keep the median amount paid for transaction fees incredibly stable with no huge spikes since the latter half of April in 2021 when (briefly) the median price was hitting close to $30. We now sit comfortably under $1 and usually trend closer to a few dimes (in USD).

This is very positive to see while things like the supply chain and specifically chip shortages still persist and have been in a somewhat uncertain state for the last few years even before COVID hit.

Renewable resources have also increased, with Bitcoinminingcouncil.com alleging that as much as 59.5% of electrical energy is sourced from renewables (in all fairness this percentage could be off to the low or high side, the true number is hard to pin down).

All in all the momentum doesn't seem to be slowing down and unless a major regulatory of supply issue occurs I think we're going to move into Zetabyte territory even within this year.

Edit: 75 Exabytes, not Ehashes, Sorry!