Bitcoin hashrate tops 1 Zetahash in historic first, trackers show

The Bitcoin ( $77,294.00 ) network hashrate has topped 1 Zetahash per second (ZH/s) for the first time in Bitcoin ( $77,294.00 ) ’s 16-year history, according to several blockchain data sources.

Bitcoin ( $77,294.00 ) ’s hashrate crossed the milestone on April 5 at a peak of 1.025 ZH/s, according to mempool.space data, while BTC Frame data said it hit 1.02 ZH/s a day earlier.

Data from Coinwarz says that Bitcoin ( $77,294.00 ) 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 ( $77,294.00 ) first crossed 1 ZH/s on March 24.

Discrepancy in Bitcoin ( $77,294.00 ) hashrate trackers 

The differences result from the varying approaches used to calculate hashrate — such as when block times and difficulty adjustments are measured, which Bitcoin ( $77,294.00 ) nodes and miner pools are used to pull data from and more.

Bitcoin ( $77,294.00 ) cypherpunk Jameson Lopp also previously pointed out that estimating Bitcoin ( $77,294.00 ) ’s hashrate with one “trailing block” as opposed to five can result in a difference of over 0.04 ZH/s.

“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 ( $77,294.00 ) ’s 30-day moving average hashrate is still around 0.845 ZH/s mark in a note to Cointelegraph.

Notching 1 ZH/s is a massive network achievement

Despite the discrepancies, the feat highlights the massive amount of computational power and increasing decentralization of the Bitcoin ( $77,294.00 ) network, making it more secure than ever and significantly reducing the likelihood of a 51% attack.

The Bitcoin ( $77,294.00 ) 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 ( $77,294.00 ) first hit 1 EH/s for the first time. 

The second-largest proof-of-work crypto network, Litecoin ( $0.00 ) , currently boasts a hashrate of 2.49 Petahashes per second according to Coinwarz — making it around 40,000 times less computationally powerful than Bitcoin ( $77,294.00 ) .

Askew noted that the huge rise in hashrate has coincided with more commercial Bitcoin ( $77,294.00 ) mining firms competing to solve Bitcoin ( $77,294.00 ) blocks in recent years.

“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 ( $77,294.00 ) ’s (BTC) price rallies again in the coming months.

MARA Holdings is the largest Bitcoin ( $77,294.00 ) miner with more than 50 EH/s of compute power, while the largest share of hashrate is channeled to Bitcoin ( $77,294.00 ) mining pools Foundry USA Pool and AntPool, according to the Hashrate Index.

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At least 24 publicly listed Bitcoin ( $77,294.00 ) companies have machines set up to mine Bitcoin ( $77,294.00 ) , according to CompaniesMarketCap.com. 

Among the other large miners contributing hashrate are Riot Platforms, Core Scientific, CleanSpark, Hut 8 Mining and TeraWulf.

Bitcoin ( $77,294.00 ) ’s hashrate soars as BTC plummets on recession fears

The new all-time high in Bitcoin ( $77,294.00 ) hashrate came in the middle of a sharp market downturn — with Bitcoin ( $77,294.00 ) (BTC) falling nearly 10% over the last four days to $78,750, while US stocks saw an estimated $6.6 trillion loss on April 3 and 4 — the largest two-day loss ever.

Much of the fall has been attributed to US President Donald Trump’s tariff plans, which many industry analysts say are sparking recession fears.

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