The four most famous international exchanges:

Binance INTL	OKX INTL	Gate.io INTL	Huobi INTL
China Line　APP DL	China Line　APP DL	China Line　APP DL	China Line　APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.

According to data from Blockchain.com, the computing power (hashrate) of the Bitcoin network has recently climbed to a record high of 69 million TH/s (ATH) - a number that is 10 times the number of grains of sand on the earth.

Image source: pixabay

There are more hashes per second than there are grains of sand on Earth

According to data from the blockchain website, the computing power of the Bitcoin network has reached 69 million terahashes per second (69 million TH/s). Computing power refers to the computing power used to protect the network.

Bitcoin hashrate has been growing since surpassing 60 million TH/s in mid-June 2019. This increase is consistent with trends established in 2019, as Bitcoin’s technical fundamentals have been rising since experiencing a decline in late 2018.

Bitcoin network hashrate is now more than double what it was in December 2018, having grown approximately 900% over the past two years. Mining difficulty has also reached an all-time high, further enhancing the robust security of the network.

To illustrate the sheer size of the Bitcoin network’s current computing power, consider the following. According to a research team at the University of Hawaii, there are about 7.5 billion billion grains on the earth.

As Kevin Rooke said in a tweet on Sunday (June 30, 2019), “The Bitcoin network has 10 times the number of hashes per second than there are grains of sand on Earth. "

"If 69 quintillion is a hard number to wrap your head around, consider... there are approximately 7
quintillion grains of sand. Every second, the Bitcoin network performs nearly 10 times more hashes than a grain of sand on Earth. "

Even more impressive is the fact that roughly three-quarters of Bitcoin’s computing power is powered by renewable energy — a fact often conveniently overlooked by critics of Bitcoin mining.

Bitcoin Defense

Bitcoin doesn’t need someone with a gun to protect it — a point famously made by economics professor Saifedean Ammous back in 2018. Morgan Creek Digital
Creek Digital's Anthony Pompliano expressed a similar sentiment during Monday's episode of "Off the Chain."

Bitcoin’s Department of Defense (DoD) has no nuclear arsenal, instead the top-ranked cryptocurrency has inherent network stability. According to Pompliano:

Bitcoin’s Defense Department has no bullets, no bombs, no ships, no fighter jets, and no soldiers. It has thousands of volunteers and millions of computers working together around the world to ensure there is no single point of failure.

Given the optimism that exists in the market, it’s not hard to imagine more computing power being added to the network. It's rainy season in China's Sichuan province, so more miners may flock there to take advantage of cheaper hydropower.

Bitcoin’s computing power is 10 times that of a grain of sand on Earth. Who’s to say that this number won’t exceed the estimated 1,000 quintillion stars in the universe?