According to Bitcoin mining data tracking website MiningPoolStats, Bitcoin’s hash rate hit a new record high earlier this week. According to the website, the network reached the milestone of computing three hundred quintillion (300,000,000,000,000,000,000) hashes per second (300 EH/s).

Bitcoin’s hash rate is viewed as a proxy of the processing power allocated to securing the Bitcoin network by its army of miners. A rising hash rate is viewed as a sign of network adoption, as well as that the network is growing more secure.

The achievement was separately confirmed by Bitcoin mining company Braiins. They defined the real-time network hash rate as “the estimated total network hash rate based on API-reported hash rate values for all mining pools and estimated hash rate values based on blocks found for miners and pools who are not reporting their real-time hash rate”.