The hashrate of the Bitcoin network has reached a new all-time high of 179.4. The new milestone is due to the fact that even mining machines that were once considered obsolete are now profitable for their owners. The bitcoin price hit a record high of just over $61,000 earlier this year, and it has remained well above $55,000 since then. Despite the Bitcoin halving event in May, which reduced block rewards for miners to 6.25 BTC.