Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
The Bitcoin hash rate is expected to reach 1 ZettaHash per second before the next halving event

The Bitcoin hash rate is expected to reach 1 ZettaHash per second before the next halving event

Bitget2025/01/03 12:04

According to CoinDesk, Bitcoin's hash rate is expected to reach 1 Zettahash (ZH/s) per second before the next halving event in about 3.5 years, putting pressure on miners and forcing them to secure cheap power deals and more efficient equipment. Even if the hash rate grows at a relatively steady pace of 20% per year, by 2027, the average hash rate could also reach this level, which is 1000 EH/s. According to data from Glassnode, since 2020, the hash rate has been growing at an average of 65% per year with a current seven-day moving average of approximately 787 EH/s.

Upon reaching 1 ZH/s, miners will need to find more creative ways to maintain operations and adapt to a more challenging market. In fact, according to a post on X on Thursday, the hash rate for a single block may have already touched upon one ZH/s per second. However due to probabilistic nature of mining , variability in block time and short-term network fluctuations , readings from individual blocks are inaccurate . The industry standard typically uses at least seven-day moving averages considering outliers and reliability.

Not only is the hash rate increasing but also difficulty in mining each block is rising as well . Since October , blockchain has undergone positive difficulty adjustments consecutively seven times with current difficulty being109.78 T . Difficulty adjusts every2016 blocks , recalibrating so that it takes roughly ten minutes mine each block.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!