Bitcoin's hash rate, which measures the network's total computational power, has now surpassed 1,000 exahashes per second (or zettahashes per second) for the first time, according to data provided by CoinWarz.

This feat was first achieved on 2 January at approximately 23:00 UTC.

The Bitcoin hash rate has been increasing significantly over the past few years. A year ago, for comparison, the rate was 173 exah/second. Over the past year, the hash rate has increased from 588 EH/s to zetahash.

After the quadrennial Bitcoin halving which occurred in April, there was a significant drop in hashrate in July due to some miners struggling to handle lower block rewards. Its revenue fell sharply from a pre-halving peak of about $2 billion in March to a post-halving low of $815 million in September.

However, the hash rate managed to recover, rising from a low of 521 EH/s on July 18 to 844 EH/s on October 21.

A higher hash rate means that the Bitcoin network has become more secure and resilient.

like Reported by U. TodayBitcoin mining difficulty, which increases in tandem with the hash rate, recently reached a new record peak of 109.78 trillion. The next difficulty adjustment, which will be made on January 12, is also expected to be positive. Mining difficulty is on track to surpass the 111 EH/s mark for the first time.

recently research It also shows that Bitcoin hash rate and price tend to correlate. It is worth noting that both directions of the cross-influence between them can be reasonable.

In December, Bitcoin crossed the $100,000 mark for the first time, and is currently trading at $96,675.