Bitcoin hashrate expected to hit 1 ZettaHash per second before next halving event

PANews January 3 news, according to CoinDesk, Bitcoin’s hash rate is expected to reach 1 Zettahash per second (ZH/s) before the next halving event in approximately 3.5 years, putting pressure on miners to force They secure cheap power deals and more efficient equipment. Even if the hash rate grows at a relatively steady rate of 20% per year, the average hash rate is likely to reach this level, 1000 EH/s, by 2027. According to data from Glassnode, hash rates have grown by an average of 65% annually since 2020, with the seven-day moving average currently sitting at approximately 787 EH/s.

As we reach 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 touched 1 ZH/s per second. However, due to the probabilistic nature of mining, block time variability, and short-term network fluctuations, individual block readings are inaccurate. The industry standard is usually to use at least a seven-day moving average to account for outliers and reliability.

Not only is the hash rate increasing, so is the difficulty of mining a block. Since October, the blockchain has made seven consecutive positive difficulty adjustments, and the current difficulty is 109.78 T. The difficulty adjusts every 2016 blocks and is recalibrated to keep mining a block in approximately 10 minutes.