After reaching an all-time high on June 8, Bitcoin’s hashrate dropped during the recent bitcoin price drop on June 12-13 to a low of 182 exahash per second (EH/s). While bitcoin’s USD value remains under the $23K zone, Bitcoin’s hashrate has managed to climb back above the 200 EH/s region.
Hash rate drops to 182 EH/s and rebounds above 200 EH/s, over 741 million Bitcoin transactions confirmed
Almost a week ago, Bitcoin’s hashrate hit an all-time high of 292.02 PE/s at a block height of 739,928 and since then it has fallen just above the 200 PE zone. /s. Currently, the hashrate is running at 232.63 PE/s on Tuesday, June 14, 2022.
For a brief moment during the crypto market carnage on June 12-13, the network’s computational power slipped down to 182 EH/s from 231 EH/s. The network saw a 21% loss in hashrate during that period of time but quickly rebounded.
At current speeds, the network’s mining difficulty is expected to increase by 0.67% to 30.49 trillion. There is still a full week until the Difficulty Adjustment Algorithm (DAA) changes, which means current estimates may change. The DAA change is expected to take place on or around June 22, 2022, which is 1,050 block rewards until the change.
Furthermore, there’s now less than 100K block rewards left to be found until the next halving or approximately 99,214 blocks at the time of writing. The block subsidy will change after those blocks are mined from 6.25 bitcoins per block to 3.125 bitcoins per block post halving.
Currently, Foundry USA is today the top bitcoin mining pool with 22.52% of the global hashrate after finding 93 out of 413 blocks discovered in the past three days. Poolin is the second largest mining pool with 13.80% of the global hashrate.
12 known mining pools are currently mining BTC while 0.73% of the global hashrate or 1.62 EH/s is operated by stealth miners. Unknown miners have found three blocks out of the 413 over the last three days.
In the past 30 days, miners have confirmed 7,692,044 BTC transactions and BTC has seen 741,438,457 confirmed transactions over its lifetime. There are currently 15,679 accessible nodes and 8,290 Tor nodes.
Miners and non-mining nodes that are securing the BTC blockchain have to store 467.6 GB of data at the time of writing. At the time of writing, there’s been 19,067,210.93 BTC minted into circulation and there’s 1,932,574.98 that remains left to be discovered by miners.
