Bitcoin Network Hashrate Breaks 1 Zetahash per Second (ZH/s) Mark for the First Time

In recent weeks, the Bitcoin network recorded a new milestone with its hashrate breaking the 1 Zetahash per second (ZH/s) mark for the first time

Jakarta, Pintu News – Recently, the Bitcoin network reached a new milestone as its hashrate crossed the 1 Zetahash per second (ZH/s) mark for the first time, highlighting the vast computational power and growing decentralization of the network.

This achievement comes amid turbulent market conditions, with the price of Bitcoin falling nearly 10% in the last four days due to fears of a looming recession triggered by US President Donald Trump’s tariff plans.

Bitcoin Hashrate Surpasses 1 Zetahash per Second

The Bitcoin network has reached an incredible hashrate level of over 1 Zetahash per second (ZH/s) for the first time in its 16-year history, according to multiple blockchain data sources.

According to data from mempool.space, Bitcoin's hashrate passed the 1 ZH/s milestone on April 5 with a peak of 1.025 ZH/s.

Additionally, data from BTC Frame recorded a figure of 1.02 ZH/s the day before, while data from Coinwarz shows that Bitcoin's hashrate jumped to 1.1 ZH/s on April 4 at a block height of 890,915. However, the same data also indicates that Bitcoin first crossed the 1 ZH/s mark on March 24.

The differences in hashrate figures can be attributed to different calculation methods used by various trackers.

For instance, some trackers use the block time and difficulty adjustments, while others use the specific Bitcoin nodes and mining pools as data sources, among other factors.

Bitcoin cypherpunk, Jameson Lopp, also previously highlighted that estimating Bitcoin hashrate using one “trailing block” instead of five could result in a difference of more than 0.04 ZH/s.

"Looking at raw hashrate metrics can be misleading due to random block timing variations," added Blockware Solutions chief analyst Mitchell Askew. In his statement, he also noted that Bitcoin's 30-day moving average hashrate is still around 0.845 ZH/s.

Bitcoin Hashrate Reaches 1 Zetahash per Second

Despite the discrepancies in the data, this achievement underscores the massive amount of computing power that fuels the Bitcoin network and its increasing decentralization.

As a result, the network becomes more secure and less susceptible to 51% attacks.

The reported increase in Bitcoin network hashrate to 1 ZH/s—equivalent to 1,000 Exahash per second—marks a 1,000-fold increase since late January 2016, when Bitcoin first reached 1 EH/s.

In comparison, the second-largest proof-of-work crypto network, Litecoin, currently has a hashrate of 2.49 Petahash per second according to Coinwarz—about 40,000 times less than Bitcoin in terms of computational power.

Mitchell Askew notes that this huge spike in hashrate coincides with the increasing number of commercial Bitcoin mining companies competing to crack Bitcoin blocks in recent years.

"Miners are getting serious: they are expanding their sites and installing more efficient machines," Askew said, adding that miners with less efficient machines could be eliminated if the price of Bitcoin does not increase in the next few months.

Major Miners Contributing to Bitcoin Hashrate

MARA Holdings is currently the largest Bitcoin miner with over 50 EH/s of computing power. Meanwhile, most of the hashrate is channeled through Bitcoin mining pools such as Foundry USA Pool and AntPool, according to data from Hashrate Index.

At least 24 publicly listed companies have active Bitcoin mining machines, according to CompaniesMarketCap.com.

Some of the other major miners that also contribute to the hashrate include Riot Platforms (NASDAQ:RIOT), Core Scientific (NYSE:CORP), CleanSpark (NASDAQ:CLSK), Hut 8 Mining (TSX: HUT) and TeraWulf (NASDAQ:TERAW).

Bitcoin Hashrate Hits Record High as BTC Price Drops on Recession Fears

The new record high in Bitcoin hashrate comes amid a sharp market decline, with Bitcoin price falling nearly 10% in the last four days to $78,750.

At the same time, the US stock market lost about $6.6 trillion on April 3 and 4—the biggest two-day loss in history.

Much of this decline has been attributed to US President Donald Trump’s tariff plans, which many industry analysts say have sparked fears of a potential recession.