Bitcoin hashrate tops 1 Zetahash in historic first
The Bitcoin network hashrate surpassed 1 Zetahash per second (ZH/s) for the first time in its 16-year history on April 5, peaking at 1.025 ZH/s. Other sources recorded slightly different values, with Coinwarz reporting up to 1.1 ZH/s earlier. Despite fluctuations, this milestone signifies a massive increase from January 2016 when the hashrate reached 1 Exahash per second. The surge reflects ongoing decentralization and enhanced security within the network. Analysts note that the rising hashrate corresponds with the increasing number of commercial mining firms investing in efficient technology. Major miners such as MARA Holdings and various pools like Foundry USA Pool and AntPool contribute significantly to the observed hashrate growth. Interestingly, this record high coincides with a near 10% drop in Bitcoin pricing during the same week, attributed to economic concerns and market reactions, further highlighting the complexities in Bitcoin's ecosystem.
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