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Key Points: Bitcoin hashrate surpasses 1 Zettahash, enhancing network security. Network’s exponential growth evident in recent milestones. Hashprice predicted to face long-term decline. Bitcoin’s network computing power reached an unprecedented 1 Zettahash per second, as reported on April 28, 2025, by CoinShares. The achievement highlights significant advancements in mining infrastructure and network security. The milestone underscores substantial investments in mining capabilities, despite concurrent challenges in profitability for mining operators. Bitcoin Hashrate Reaches Historic 1 Zettahash Milestone The Bitcoin network’s hashrate surpassed a historic milestone by achieving 1 Zettahash per second, indicating massive growth in computational power since 2016. CoinShares’ report suggests this could further increase to 2.0 Zettahash by early 2027, reflecting the persistent investment in mining hardware. This development emphasizes Bitcoin’s resilience, enhanced by growing institutional interest in mining infrastructure. The report anticipates a structural decline in hashprice, affected by increased mining efficiency and competition. Despite this technological achievement, miner revenues remain pressured due to increased competition and the effects of previous halvings. Hashprice, a critical profitability indicator, is predicted to fluctuate between $35 and $50 per PH/day through 2028. No major industry or government figure has publicly commented on CoinShares’ findings despite its implications for the sector. The report highlights the significant milestone of the Bitcoin network reaching a hashrate of 1 ZH/s, reflecting ongoing investments in mining infrastructure. This underscores the resilience and institutionalization of Bitcoin mining despite profitability challenges. – CoinShares Report Market Dynamics: Price Trends and Future Forecasts Did you know? Bitcoin’s transition from 1 Exahash to 1 Zettahash represents a 1,000-fold increase in network power since 2016, underscoring its long-term growth and security enhancements. Bitcoin (BTC) holds a market cap of $1.88 trillion with a price of $94,441.45. This marks a 7.88% rise over the past week. Despite recent fluctuations, Bitcoin maintains a dominant…

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Filed under: News - @ April 28, 2025 6:24 am