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The computing power used for bitcoin mining has reached an all-time high, increasing more than sixfold since November 2019.

This indicates growing interest and investment in mining, as well as increased competition among miners.
To date, 94% of the total bitcoin supply of 21 million coins has been mined. This means that the remaining 6% will be more and more difficult to mine every year, which makes the mining process even more competitive and resource-intensive.

The hashrate, which measures the total power of the computer used to mine bitcoins and ensure network security, continues to grow. This is due to the introduction of more powerful equipment and technologies, which allows miners to solve complex mathematical problems that are necessary to verify transactions.

A graph showing the hash rate of Bitcoin since 2016 clearly illustrates this growth, demonstrating how much the total computing power of the network has increased