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- Bitcoin’s hashrate has reached a record 943 EH/s.
- The network is just 57 EH/s away from hitting 1 ZH/s.
- Mining remains strong despite lower revenue per petahash.
Bitcoin’s global hashrate has touched a new all-time high. On May 31, data showed a seven-day average of 943 exahash per second (EH/s). This figure marks the highest computational power ever recorded on the Bitcoin network.
The increase came just 22 days after the previous high of 929 EH/s. That’s an increase of 14 EH/s in less than a month. This rise puts Bitcoin close to another huge milestone: Only 57 EH/s away now from reaching one zettahash (ZH/s). Such a number would mark another milestone in digital finance.
This figure captures the massive burst of computational effort from miners around the globe. Although the hashrate declined marginally on June 1, it remained near its peak. The network is consistent and robust at 934 EH/s. Each hash signifies a potential solution in the mining process, and billions of them are attempted every second.
Bitcoin and Supercomputers Use Different Power
Some experts argue that the Bitcoin network is the most powerful network in the world. It performs more operations per second than any other machine has ever been documented. Still, comparing it to supercomputers is problematic. Bitcoin mining relies purely on integer calculations. Supercomputers perform floating-point operations, and those are measured differently.
Still, estimates suggest that the network could be running ahead of even the fastest supercomputers, like El Capitan. That machine runs at 1.742 exaflops but is designed for scientific computing, not blockchain computation. Yet, Bitcoin’s distributed effort is unparalleled in both reach and speed.
Unlike traditional machinery, Bitcoin miners never stop. There is no downtime in the network. It operates round the clock, every day of the week, throughout the year. Though individual pieces of hardware can be shut off or replaced, total output keeps climbing year after year. Miners have added only more power in 2025, a sign they are confident about the long-term future of the blockchain.
Miners Bet on Bitcoin Despite Lower Profits
While the hashrate increases, the revenue per petahash decreases. Since May 29, earnings have declined nearly 8%. On that day, one PH/s made $56.99, which now earns only $52.47. This dip is a wider phenomenon with increasing costs and declining short-term profits.
Still, the increasing hashing power reflects confidence in the system. Miners are scaling their operations even though margins are tighter. Technological advances help keep costs balanced, but price movement is obviously key.
After last April’s fourth halving, more miners became dependent on higher Bitcoin prices to remain profitable. The pursuit of one zettahash finally ended up signaling more than just power; it represented progress, stability, and a commitment around the world.
Related Reading: Michael Saylor Sparks Global BTC Rush as Firms Copy Strategy Model
