Bitcoin's network has achieved a monumental milestone with its hashrate exceeding 1 zetahash per second. This remarkable feat underscores the increasing computational power dedicated to securing the blockchain and processing transactions.
Despite this achievement, mining revenues have suffered a significant decrease due to the recent block reward halving. This drop in income presents challenges for miners who must balance operational costs with reduced earnings.
Nevertheless, the record-breaking hashrate is seen as a positive indicator of network health, reliability, and growing market confidence.
