#BTCHashratePeak The computational power of Bitcoin rose almost to its peak value on June 13 at 946 exahashes per second (EH/s), approaching it with a value of 945 EH/s on Sunday morning.

As of 10 a.m. Eastern Time on Sunday, July 27, the Bitcoin hash rate stands at 942.96 exahashes per second (EH/s) — just a little over 3 EH/s from the all-time high. This elevated level can be explained by more stable and attractive mining profits from the past month.

The Bitcoin hash rate is nearing record levels as miners approach the peak of June

The hash price for Bitcoin increased from approximately $54 per petahash per second (PH/s) as of June 27 to a monthly peak close to $64 PH/s by July 10 — a remarkable rise for the month. However, this increase did not last long. After the spike, there was a decline and several moderate fluctuations between $58 and $62 PH/s.

Since mid-July, the hash price has mostly stabilized, drifting slightly below $60 PH/s with only minor turbulence. Blocks are now being mined faster than the standard 10-minute target, averaging 9 minutes and 44 seconds. If this rapid pace remains stable, an increase in difficulty is likely on August 8.