Bitcoin's hashrate surpasses 1 Zetahash, showcasing security and decentralization

From Cointelegraph

April 6, 2025 11:51 pm:

The Bitcoin network hashrate surpasses 1 Zetahash per second for the first time in history, hitting a peak of 1.025 ZH/s on April 5. Discrepancies in data tracking methods lead to variations in reported hashrates. Despite discrepancies, the milestone underscores Bitcoin’s security and decreasing risk of a 51% attack.

Bitcoin’s hashrate surge showcases its computational power and growing decentralization, with a reported 1 ZH/s equivalent to 1,000 Exahashes per second. The rise marks a 1,000x increase since late January 2016 when Bitcoin first reached 1 EH/s. Litecoin, a proof-of-work crypto network, trails far behind Bitcoin with a hashrate of 2.49 Petahashes per second.

The surge in Bitcoin’s hashrate coincides with increased competition among commercial mining firms. Major players like MARA Holdings and mining pools like Foundry USA Pool and AntPool dominate the hashrate distribution. At least 24 publicly listed Bitcoin companies are engaged in mining operations, with other significant contributors including Riot Platforms, Core Scientific, and Hut 8 Mining.

Bitcoin’s hashrate achieves a new all-time high amidst a market downturn, with BTC dropping nearly 10% to $78,750. The US stock market also faces significant losses, attributed to President Donald Trump’s tariff proposals sparking recession fears. Market analysts are closely monitoring the situation for potential impacts on the global economy.

Read more at Cointelegraph: Bitcoin hashrate tops 1 Zetahash in historic first, trackers show