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Bitcoin lives and copies, throwing impressive Hashrate numbers like never before.
The Bitcoin network processing network has reached an unprecedented 1 Zetahash per second (ZH/s), which means the main milestone in the 16-year history of cryptocurrency.
Many blockchain tracking services confirmed the achievement between 4-5 April 2023, although they do not agree on the exact time when the threshold has been exceeded.
Different dates following different dates for historic milestone
Zetahash (ZH/s) is a computing power unit used to measure Bitcoin Hashratu, which reflects how much computing power is used to secure the bitcoin network by mining.
According to MEMPOOL.SPACE, Hashrate Bitcoin reached the peak of 1.025 ZH/s April 5. BTC Frame records On April 4, he showed a slightly earlier breakthrough in 1.02 zh/s.
Meanwhile, Coinwarz reported an even higher peak 1.1 ZH/s 4 April at the height of the 890 915 block, but also suggested that the network first hit on March 1.
The differences result from how it calculates each service Hashrate. Blockchain Jameson LOPP analyst previously indicated that the operate of one “flow block” compared to five blocks to estimate may cause differences exceeding 0.04 zh/s.
Mitchell Askew, the main analyst at Blockware Solutions, said that browsing the raw Hashrat metric may cheat because of random changes in the times of blocks. He noticed that the 30-day Bitcoin movement movement remains about 0.845 ZH/s.
The network has a huge boost since 2016
This achievement is an amazing boost in the Bitcoin network. The current hashrate 1 zh/s is equal to 1000 egzahash per second, which means 1000-fold growth From the end of January 2016, when the network first reached 1 eh/s.
To look at this computing power from a perspective, Bitcoin now processes about 40,000 times more calculations per second than Litecoin, the second largest cryptocurrency network. Based on the data Coinwarz, Litecoin currently operates at the level of only 2.49 PETAHASHES per second.
Commercial mining operations drive a hashrat growth
According to ASKEW, the height of Hashrata coincided with increased competitors between commercials Mining Bitcoin companies. He said that miners double, expand the sites and connect more competent machines. He warned, however, that less competent miners could fight, unless Bitcoin prices would rise in the coming months.
According to Marmarketcap.com, at least 24 listed companies now support Bitcoin mining equipment. Mara Holdings runs a package with over 50 eh/s computing power. Other main co -authors are riot platforms, basic scientific, Cleanspark, Hut 8 Mining and Terawulf.
According to Hashrate, the majority of pass through Hashrate Index, most of the hashrat in the network flow through the main mining pools, and Foundry USA Pool and Antpool control the largest actions.
The Hashrate record coincides with the market slowdown
The technical achievement of the network took place during a piercing decline in the market. The price of bitcoin has dropped 8% in 24 hours to 77,210 USD, while American actions experienced what the analysts called the largest two -day loss.
A distinguished picture from Gemini Imagen, chart from TradingView
