Bitcoin computing power broke through 740 EH/s on September 3, setting a new record high

According to Bitcoin Magazine, the Bitcoin network’s hash rate reached an all-time high on September 3, exceeding 740 EH/s (now falling back to 669.69 EH/s), while the price of Bitcoin was below $60,000. The higher hash rate reflects that miners are investing more computing resources in processing and creating new Bitcoins. Although Bitcoin prices fell more than 10% this week, highlighting the disconnect between short-term pricing and long-term network health.