OnFriday,Oct.25,2024,Bitcoin’snetworkhashrateclimbedtoanewall-timehigh,reaching736.81exahashpersecond(EH/s)—amilestoneunmatchedinthenetwork’shistory.
Bitcoin’sHashrateHitsHistoricHigh—HowCloseAreWetotheZettahashEra?
Bitcoin’scomputingpowerhashitnewheights,withover67EH/saddedtothenetworkinjustninedays.Therecord-breaking736.81EH/s,achievedonFridayevening,bringsBitcoinagreatdealclosertotheanticipatedzettahashera.Insimpleterms,onezettahashpersecond(ZH/s)isacolossal1,000EH/s,meaningthis736.81EH/speakisnow0.73681ZH/s.
Source:Seven-dayhashratefromhashrateindex.com.
BackinMarch2023,SamWouters,headofmarketingandcontentatthebitcoinfirmRiver,predictedthatthezettahashmilestonemightarriveby2025.Atthatpoint,thehashratehadreached400EH/s,andhehighlightedthatat“thecurrentgrowthratein2023,we’dreachazettahashbytheendof2025.”ThehashrateseemstobetrackingWouters’predictionperfectly.
Source:hashrateindex.comonOct.25,2024.
Justthreemonthsago,onJuly25,2024,thehashratewassittingat677EH/s,andsincethen,it’sbeenanythingbutsteady,withplentyofupsanddowns.Averagingout,thenetworkhasexpandedby0.66EH/sperdayoverthepast90days.Therefore,iftheBitcoinnetworkcontinuestogrowatanaveragerateof0.66EH/sperday,itwillreach1,000EH/sor1ZH/sonoraroundNovember28,2025.
Azettahashisanastronomicalfigure,roughly1sextillion(1,000,000,000,000,000,000,000)hashespersecondofSHA256power.Toputitintoperspective,that’sclosetotheestimatednumberofstarsintheobservableuniverse.Incomputing,asextillionbytesequatestoonezettabyte(ZB),afigurethat’sincreasinglyrelevantasglobaldatasurges.Bynextyear,Bitcointoowillbedealinginnumbersofthisscale.
AsBitcoinedgesclosertothezettahashera,thenetwork’simmensecomputationalgrowthshowcasestheexpandingglobalcommitmenttothisdecentralizedtechnology.Witheachnewhashratepeak,Bitcoinstrengthensitssecurityandresilience,drawingthenetworknearertoanunprecedentedscaleofprocessingpower.Theshifthintsatanevolvingdigitallandscapethatalignswiththeseastronomicalnumbers.
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