Blockchain data shows that the Bitcoin hashrate is now higher than 1 Zetahash/s (ZH/s), for the very first time since Bitcoin was founded 16 years ago.
Bitcoin hashrate reached a milestone in April at 1.025 ZH/s. according BTC frame data is mempool.space, but BTC data is BTC data. said It was 1.02 ZH/s the day before.
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.
Bitcoin hashrate dropped below 0.95ZH/s since April 7, after having reached 1ZH/s. Source: BTC Frame
Bitcoin Hashrate Trackers are not consistent.
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.
Jameson Lopp, a Bitcoin cryptopunk, has also pointed out previously that estimating Bitcoin hashrate divided by one “trailing block” As opposed to five, there can be a difference in ZH/s of more than 0.04
“Viewing the raw Hashrate metric can be deceiving due to random variations in block times,” Mitchell Askew is the head analyst at Blockware Solutions. In a letter to Cointelegraph, he pointed out that Bitcoin’s average 30-day hashrate was still around 0.8445 ZH/s.
It is an incredible network accomplishment to reach 1 ZH/s
This feat, despite its discrepancies highlights the massive amount of computational power The Bitcoin network is becoming more decentralized, which makes it safer than ever. 51% attack.
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.
Second-largest proof-of-work crypto network, Litecoin boasts a current hashrate 2.49 Petahashes every second according to Coinwarz — making it around 40,000 times less computationally powerful than Bitcoin.
Source: Pierre Rochard
Askew noted the massive increase in hashrate coincided with an increased number of commercial Bitcoin mining firms that have competed to solve Bitcoin block in recent years.
“Miners are doubling down: expanding sites and plugging in more efficient machines,” Askew added that the less-efficient miners would soon be wiped out, unless Bitcoin (BTCThe price of ) will continue to rise in the next few months.
MARA Holdings, with its more than 50 EH/s compute power is the world’s largest Bitcoin miner. The largest portion of the hashrate goes to Bitcoin mining pools Foundry USA AntPool Pool according Hashrate Index
Related: Bitcoin price drops below $80K as stocks face 1987 Black Monday rerun
A minimum of 24 Bitcoin companies publicly listed have mining machines to mine Bitcoin. according to CompaniesMarketCap.com.
Riot Platforms is one of the largest contributors to hashrate, along with Core Scientific, Hut 8 Mining, CleanSpark and TeraWulf.
Bitcoin hashrate increases as BTC plunges due to recession fears
Bitcoin’s hashrate reached a new record high this year. middle of a sharp market downturn — with Bitcoin (BTCIn the US, stocks fell by an astounding 10% during the last 4 days. estimated $6.6 trillion loss on April 3 and 4 — the largest two-day loss ever.
The US president has been blamed for a large part of the decline. Donald Trump’s tariff plansMany industry analysts claim that. sparking recession fears.
Magazine: Financial nihilism in crypto is over — It’s time to dream big again
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Source: cointelegraph.com
