Bitcoin’s hashrate reached an all-time high of 883 exahashes per second (EH/s) on April 5, 21 EH/s higher than the previous record set on March 28.
At the time of writing, the Bitcoin network’s computing power is hovering at 876.24 EH/s, slightly below its recent peak. This record hashrate comes amid a 6.81% increase in mining difficulty, creating new challenges for miners looking to confirm new blocks. The current spot price per hash — the expected daily return on 1 petahash per second (PH/s) of SHA256 hashing power — is $46.16 per PH/s. The price per hash has fallen 11.15% since March 5.
At this rate, the network would need to add just 117 EH/s to break the 1 zettahash per second (ZH/s) threshold, which is expected to be reached by 2025. Currently, 883 EH/s is equivalent to 883 quintillion hashes per second (H/s), or 0.883 ZH/s. This record level of computing power coincides with a slowdown in transaction activity, as recent blocks remain largely unmined. Of all the blocks mined in the last 24 hours, less than 1% — 0.89% — came from blockchain fees.
Foundry currently holds the position of the leading Bitcoin mining pool, accounting for 32.33% of the global hashrate, followed by Antpool with 17.22%. Viabtc controls 15.02%, and F2pool controls 8.97%. Collectively, these four pools control 73.54% of the network hashrate. The 6.81% difficulty increase could slow the pace of the hashrate, as the metric is now at an all-time high of 121.51 trillion after block height 891072 was mined.
Source: cryptonews.net
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