Odaily Planet Daily reported that the Bitcoin network's daily computing power reached a historical high of 1.279 ZH/s (zettahash per second) on Tuesday, while the seven-day moving average computing power exceeded 1 ZH/s for the first time.

Despite the mining reward dropping from 6.25 bitcoins to 3.125 after last year's halving, and challenges such as rising energy costs, the hash rate has hit new highs, and the bitcoin price is currently trading sideways. (Decrypt)