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The Bitcoin network hashrate has topped 1 Zetahash per second (ZH\/s) for the first time in Bitcoin’s 16-year history, according to several blockchain data sources.<\/p>\n
Bitcoin’s hashrate crossed the milestone on April 5 at a peak of 1.025 ZH\/s, according<\/a> to mempool.space data, while BTC Frame data said<\/a> it hit 1.02 ZH\/s a day earlier.<\/p>\n Data from Coinwarz says that Bitcoin hashrate soared to as high as 1.1 ZH\/s on April 4 at block height 890,915 — however, the same data indicates that Bitcoin first crossed 1 ZH\/s on March 24.<\/p>\n Bitcoin’s hashrate has fallen back below 0.95 ZH\/s on April 7 since reaching 1 ZH\/s. Source: <\/em>BTC Frame<\/em><\/a><\/p>\n<\/figcaption><\/figure>\n The differences result from the varying approaches used to calculate hashrate — such as when block times and difficulty adjustments are measured, which Bitcoin nodes and miner pools are used to pull data from and more.<\/p>\n Bitcoin cypherpunk Jameson Lopp also previously pointed out that estimating<\/a> Bitcoin’s hashrate with one “trailing block” as opposed to five can result in a difference of over 0.04 ZH\/s.<\/p>\n “Viewing the raw Hashrate metric can be deceiving due to random variations in block times,” added Blockware Solutions head analyst Mitchell Askew, who pointed out that Bitcoin’s 30-day moving average hashrate is still around 0.845 ZH\/s mark in a note to Cointelegraph.<\/p>\n Despite the discrepancies, the feat highlights the massive amount of computational power<\/a> and increasing decentralization of the Bitcoin network, making it more secure than ever and significantly reducing the likelihood of a 51% attack.<\/a><\/p>\n The Bitcoin network’s reported rise to 1 ZH\/s — equivalent to 1,000 Exahashes per second — marks a 1,000x increase since late January 2016, when Bitcoin first hit 1 EH\/s for the first time. <\/p>\n The second-largest proof-of-work crypto network,<\/a> Litecoin, currently boasts a hashrate of 2.49 Petahashes per second according<\/a> to Coinwarz — making it around 40,000 times less computationally powerful than Bitcoin.<\/p>\n Source: <\/em>Pierre Rochard<\/em><\/a><\/p>\n<\/figcaption><\/figure>\n Askew noted that the huge rise in hashrate has coincided with more commercial Bitcoin mining firms competing to solve Bitcoin blocks in recent years.<\/p>\n “Miners are doubling down: expanding sites and plugging in more efficient machines,” Askew said, adding that less efficient miners could soon be washed out unless Bitcoin’s (BTC<\/a>) price rallies again in the coming months.<\/p>\n MARA Holdings is the largest Bitcoin miner with more than 50 EH\/s of compute power, while the largest share of hashrate is channeled to Bitcoin mining pools<\/a> Foundry USA Pool and AntPool, according<\/a> to the Hashrate Index.<\/p>\n Related: <\/strong><\/em>Bitcoin price drops below $80K as stocks face 1987 Black Monday rerun<\/strong><\/em><\/a><\/p>\n At least 24 publicly listed Bitcoin companies have machines set up to mine Bitcoin, according<\/a> to CompaniesMarketCap.com. <\/p>\n Among the other large miners contributing hashrate are Riot Platforms, Core Scientific, CleanSpark, Hut 8 Mining and TeraWulf.<\/p>\n The new all-time high in Bitcoin hashrate came in the middle of a sharp market downturn<\/a> — with Bitcoin (BTC<\/a>) falling nearly 10% over the last four days to $78,750, while US stocks saw an estimated $6.6 trillion loss<\/a> on April 3 and 4 — the largest two-day loss ever.<\/p>\n Much of the fall has been attributed to US President Donald Trump’s tariff plans<\/a>, which many industry analysts say are sparking recession fears.<\/a><\/p>\nDiscrepancy in Bitcoin hashrate trackers <\/h2>\n
Notching 1 ZH\/s is a massive network achievement<\/h2>\n
Bitcoin’s hashrate soars as BTC plummets on recession fears<\/h2>\n