For the first time in the 16-year history of Bitcoin (BTC), the network’s hash rate has surpassed 1 ZettaHash per second (ZH/s), turning it into one of the most powerful cloud computers globally. Data from Mempool Space and BTC Frame indicate that this record was set on April 4th and 5th. According to Coinwarz, the network’s hash rate even reached 1.1 ZH/s in block number 890915. Discrepancies in statistics depend on various methods of calculating hash rate, including block time measurement, network difficulty adjustment, and data resources used. The new record indicates a significant increase in the network’s processing power and further decentralization, enhancing network security and reducing the likelihood of a ‘51% attack’. Bitcoin network’s hash rate increase has been accompanied by the growth of major mining companies such as MARA Holdings with over 50 EH/s and mining pools like Foundry USA Pool and AntPool. Currently, at least 24 companies are involved in Bitcoin mining, including Riot Platforms, Core Scientific, CleanSpark, Hut 8 Mining, and TeraWulf. This historic record comes as the Bitcoin market is experiencing a severe correction, with its price dropping by about 10% over the past 4 days to $78,750. The simultaneous decline in cryptocurrency prices with the sharp fall in the US stock market and concerns about Donald Trump’s tariff war have increased worries about a possible economic recession. On the page of cryptocurrency momentary prices, you can see the prices of all tokens and cryptocurrencies live and instantaneously.
