The processing power behind the Bitcoin network has dropped 30% since the hashrate’s all-time high (ATH) on February 15, sliding from 249 exahash per second (EH/s) to 169 EH/s. Furthermore, four days from now, the network’s mining difficulty is expected to increase following the 4.78% epoch change on February 17.
Bitcoin Hashrate goes from 249 Exahash per second to 169 EH/S in 12 days
From January 13 to February 15, Bitcoin’s hashrate hit all-time highs for about 33 consecutive days. This weekend, Sunday February 27, 2022, the hashrate dropped 30% from the 249 EH/s ATH captured on February 15. At the time of writing, the hashrate of the Bitcoin (BTC) network is around 168.14 EH/s or 168,144,793,932,750,200,000 hashes per second (H/s).
Meanwhile, bitcoin’s price has been lower than usual but 30-day statistics show the price per BTC is up 4.4%. Although, bitcoin mining monthly revenue and 7DMA revenue mining stats are down according to onchain metrics. The drop in processing power speed may help drop the next difficulty change, as it’s expected to increase by 1.18% in four days to 27.64 trillion. If the difficulty does increase in four days, it will be the seventh consecutive difficulty increase since November 28, 2021.
Currently, the top bitcoin mining pool over the past three days is Foundry USA with 20.52% of the global hashrate (38.85 EH/s) and finding 79 block rewards in that time frame. Foundry USA is followed by Antpool’s 30.49 PE/s or 16.10% of the global hashrate. At the time of writing, three-day measurements indicate that there are 11 known bitcoin mining pools today. Unknown hashrate or stealth miners command 1.3% of global hashrate or 2.46 PE/s of hash power capturing five block rewards in three days.
Presently, the most-profitable SHA256-based application-specific integrated circuit (ASIC) bitcoin mining device is the Bitmain Antminer S19 Pro 110 terahash per second (TH/s) machine. Using today’s BTC exchange rate and $0.12 per kilowatt-hour (kWh), the Antminer S19 Pro makes just over $10 per day. The Microbt Whatsminer M30S++ (112 TH/s) makes $9.82 per day in bitcoin profits.
