Bitcoin Hashrate Hits Another Milestone, Network’s Mining Difficulty Taps 13-Year High

The processing energy backing the Bitcoin community has continued its upward momentum tapping one other all-time excessive (ATH) on February 15, 2022, at 249 exahash per second (EH/s). Following the most recent ATH, the community’s mining problem elevated on Thursday morning (EST), up 4.78% and reaching a price of 27.97 trillion. The mining problem has elevated six occasions in a row since November 28, 2021, which makes it 23.34% tougher for bitcoin miners to seek out bitcoin block rewards since then.

Bitcoin Hashrate Cracks Another ATH, Block Rewards Become Much Harder to Find After Difficulty Jumps Close to five% Higher

At the time of writing, the Bitcoin community’s hashrate is coasting alongside at 212.21 EH/s after cracking a brand new ATH on Tuesday, February 15. On that day, the hashrate climbed to 249.75 EH/s, in response to coinwarz.com’s six-month statistics. The new ATH follows the excessive recorded three days prior when the hashpower metric tapped 246 exahash per second (EH/s) on February 12. After the brand new 249 EH/s excessive on Thursday, the community’s problem elevated by 4.78% to a different lifetime excessive.

At the time of writing and for the following 13 days, the mining problem can be roughly 27.97 trillion. It’s quite a bit larger than the low problem worth recorded 215 days (seven months) in the past on July 17, 2021. At that point, BTC’s community problem was solely 13.67 trillion as a result of it skilled 4 decreases in a row — one in every of them being the most important lower in historical past on July 3, 2021 (-27.94%).

However, since July 17, there have been 16 completely different problem adjustment algorithm (DAA) modifications and 15 of them elevated. The final lower recorded within the seven-month unfold was on November 28, 2021, dropping 1.49%. The leap from 13.67 trillion to the present 27.97 trillion is a rise of 104.60% in seven months. The hashrate seven months in the past was lower than half the worth it’s right this moment, at 97.87 EH/s.

While bitcoin miners have recorded one other ATH, the highest pool over the last three days is Foundry USA with 15.59% of the worldwide hashrate and 33.62 EH/s. The second-largest miner throughout the final three days is F2pool with 14.76% of the world’s hashrate and 31.83 EH/s. Foundry USA and F2pool are adopted by Antpool, Poolin, Binance Pool, Viabtc, Slushpool, Btc.com, SBI Crypto, and Luxor, respectively.

There are 12 entities dedicating hashrate to the BTC chain and 11 of them are recognized swimming pools. Currently, unknown hashrate or stealth miners have the least quantity of hashrate with 0.83% of the worldwide hashrate, or 1.79 EH/s of devoted SHA256 hashpower.

With the present world hashrate coasting alongside above the 200 EH/s vary, the following epoch DAA estimated to come back in 13 days is at present anticipated to be one other improve. While the estimate might change, proper now it’s anticipated to leap 0.04% from the present 27.97 trillion to 27.98 trillion.

What do you consider the hashrate reaching new highs and the problem growing shut to five% on Thursday? Let us know what you consider this topic within the feedback part under.