🔥On May 31, the Bitcoin network reached a record high of 943 exahashes per second (EH/s), just 57 EH/s away from the threshold of 1 zettahash per second (ZH/s). This is a remarkable leap, as the hashrate increased by an additional 14 EH/s within just 22 days compared to the previous peak (929 EH/s).

This computational power is distributed globally and operates continuously 24/7, making the Bitcoin network one of the most powerful computing systems in the world, although it cannot be directly compared to supercomputers due to differences in algorithmic nature. While supercomputers are measured in FLOPS (floating-point operations per second), Bitcoin uses integer calculations, so there is no common standard for comparison.

Notably, this increase occurs against the backdrop of declining miner revenue, dropping from $56.99 to $52.47 per petahash per second since May 29, a decrease of nearly 8%. Although profit margins are shrinking, especially following the fourth halving last April, miners continue to invest in additional hashing power, reflecting their confidence in long-term potential and technology optimization.

The steady growth of the hashrate indicates a larger trend: mining technology is becoming increasingly efficient, while also reflecting the determination of miners to maintain and expand the Bitcoin network despite short-term price and profit volatility.