Bitcoin Hash Rate exceeds 1 EH/s For the First Time -

Bitcoin Hash Rate exceeds 1 EH/s For the First Time


January 25, 2016 – For the first time Ever, The bitcoin network has exceeded one Exa Hash/s, or approximately 10.8 ZettaFLOPS per second, according to’s aggregate metric. This makes the bitcoin network around three-hundred-thousand times more powerful than the world’s fastest supercomputer, the tianhe-2 — clocking in at ~34 PetaFLOPS, and over 43 thousand times faster than every supercomputer on the TOP500 list combined. In theory, the network could be repurposed to run a neural net AI about one hundred times as powerful as a human brain.

Also Read: Ethereum’s Market Cap Takes the Number Three Spot

Bitcoin Miners Cooperate on a Massive Scale

This unprecedented amount of hashing power also makes Bitcoin the largest distributed computing effort by far, dwarfing altcoins, [email protected] and BOINC in scale. The network seems to be modeling exponential growth since it’s inception,  in contrast to mainstream media coverage suggestion that “the death of bitcoin” is at hand.
HashThe network metrics behind the blockchain are a much more important indicator of the health of a distributed currency than media coverage or value speculation because it represents real, physical investment. The number of people mining and using Bitcoin is increasing massively in the long term, regardless of any short-term issues with the specification or development that arise. The cost-prohibitive capital investment for mining can be repurposed with little effort, but Bitcoin mining is and will likely remain the optimal use case.

HashThe value of any currency relies on the network effect – a concept in economics that states the intrinsic value of particular goods increases with the number of people using them. As bitcoin is by far the largest single computation network in existence, and we have yet to see a growth ceiling as time goes on, people betting on its failure would to well to remember that barring a global ban, it’s use, adoption, and real value will only continue to rise if long term data is to be believed.


Want to weigh in on the significance of the Bitcoin network’s size and power? Discuss it in the comments!

Title Image courtesy of Dennis van Zuijlekom

Tyson O'Ham

  • Daniel Waters

    The year is 2028. I spend just over three bitcoins to have myself put into suspended animation in a protected bunker connected to the matrix. Retirement plan for a millennium complete.

  • Jeff Brandt

    Actually the machines behind the bitcoin network could NOT be repurposed with little effort. The chips are designed for one and only purpose. All this says is that the investment behind this hardware is extremely committed as there are no easy outs or secondary use cases.

  • jay

    Chase chase chase that digital gold. Don’t give up! Your fortunes await!

  • Ahmad Siddiqi

    The network hash rate is unprecedented and is extremely encouraging for bitcoin proponents. The stock market this year has given me all the more reason to invest in bitcoin. The thing that strikes me as interesting as what other uses could the bitcoin network. Its almost like a computational matrix that people could plug into to solve complex problem and in return give financial incentive to the miners? I have little doubt that will be a use case in the future.

  • I thought the exact same thing.

  • Tyson O.

    Hey, I meant directing new computing capital investments differently, not changing what you’re doing

    with ASICs, which is pretty much impossible. Sorry that it’s not clear, I plan to edit that paragraph accordingly