The Bitcoin network has already achieved a historic milestone by surpassing 1 Zetahash per second (ZH/s) in hashrate, reaching 1.025 ZH/s on April 5 and 1.1 ZH/s on April 4 at block height 890,915. This significant increase in computational power enhances Bitcoin's decentralization and security, making it more resilient against 51% attacks.¹ ²
*Key Highlights:*
- *Hashrate Milestone:* Bitcoin's hashrate has grown substantially, marking a 1,000x increase since January 2016 when it surpassed 1 Exahash per second (EH/s).
- *Current Hashrate:* The current hashrate stands around 0.845 ZH/s, with variations in data due to different methodologies in calculating hashrate.
- *Future Projections:* Analysts predict the hashrate may reach new heights, potentially exceeding 1 ZH/s consistently, given the network's growing computational strength and adoption.³
*Factors Contributing to Hashrate Growth:*
- *Increased Adoption:* Growing interest in Bitcoin and advancements in mining technology contribute to the rising hashrate.
- *Public Miners:* Publicly-listed Bitcoin miners, such as CleanSpark and Riot Platforms, have demonstrated significant hashrate growth, commanding 28.9% of the network's total hashrate.
- *Mining Difficulty:* The mining difficulty has increased, reaching 109.78 trillion, indicating intensified rivalry within the network.⁴ ⁵#TrumptaxCuts #BinanceAlphaPoints #SaylorBTCPurchase #Follow_Like_Comment #TradingCommunity $BTC