Bitcoin hashpower set to reach 1 zettahash by July 2025
Bitcoin’s (CRYPTO:BTC) network hashpower is projected to reach 1 zettahash per second (ZH/s) by July 2025, marking a significant milestone in the cryptocurrency’s security and miner confidence, according to a Coinshares report.
The network ended 2024 at 778 exahashes per second (EH/s), slightly exceeding earlier forecasts, driven by strong bitcoin price performance that encouraged miners to expand their hardware deployments.
Looking ahead, Coinshares anticipates hashpower will continue to rise, reaching 1.28 ZH/s by the end of 2025 and potentially 2.0 ZH/s by early 2027, reflecting increased investment and competition within the mining sector.
Achieving 1 ZH/s indicates a more secure and resilient network, reducing the likelihood of a 51% attack and demonstrating miners’ confidence in bitcoin’s profitability.
However, the report also notes that hash prices, a key measure of miner profitability, are expected to decline gradually, remaining between $35 and $50 per petahash per day through the 2028 bitcoin halving cycle.
This decline reflects efficiency gains in mining hardware and rising competitive pressures.
Bitcoin mining differs from gold mining in that it is a dynamic, digital process where revenues depend on market price and global hashrate share, making miner outcomes more variable.
“Bitcoin mining, by contrast, is much more dynamic and unpredictable,” Coinshares explains, adding that company revenues depend not only on the relatively volatile market price of bitcoin, but also on their share of the global hashrate.
At the time of reporting, the Bitcoin price was $94,135.84.
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.
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