We prove that the Hadwiger number of an $n$-vertex graph $G$ (the maximum size of a clique minor in $G$) cannot be computed in time $n^{o(n)}$, unless the Exponential Time Hypothesis (ETH) fails. This resolves a well-known open question in the area of exact exponential algorithms. The technique developed for resolving the Hadwiger number problem has a wider applicability. We use it to rule out the existence of $n^{o(n)}$-time algorithms (up to ETH) for a large class of computational problems concerning edge contractions in graphs.