Following the largest difficulty increase the Bitcoin network has seen in 2022, the network’s hashrate has not been affected by the 13.55% increase. In fact, five days ago at block height 758,138, the network’s computational power surpassed the all-time high (ATH) recorded on October 5, as it reached 325.11 exahash per second (EH/s) on October 11. Moreover, block generation intervals have been less than ten minutes per block, which means another notable difficulty increase is expected to happen on October 23.
325 Eh/s , Bitcoin’s hash rate taps another ATH after final difficulty target
It’s been six days since bitcoin’s last difficulty retarget saw Biggest growth of the year When metric block 2,016 jumped 13.55% higher than the difficulty of coding before 758,016.
Despite the difficulty increase and bitcoin’s (BTC) U.S. dollar value sliding to $18,183 on October 13, the network’s computational power has remained red-hot as another all-time high record (ATH) was recorded on October 11.
On that day, bitcoin’s hash rate peaked at 325.11 EH/s at a block high of 758,138, which is an increase of 1.23% over the previous year. hash rate ath The block height was recorded at 757,214 on 5 October. at the time of writing, according to statistics From Coinwarz.com, BTC’s overall hash rate is just above the 289 EH/s area.
The up-tempo hashrate has made it so block times are considerably faster than the ten-minute average. Data shows that the current BTC block generation time is around 8.22 minutes and if the speedy block generation time continues, another pronounced difficulty rise in the cards.
Top 3 Bitcoin Mining Pools Command 50 EH/S Each
Even after increasing the difficulty by 13.55%, estimates suggest that the difficulty is expected to increase further on 23 October 3.59% To 5.5%, In the last three days, 470 blocks were mined and mining pool Foundry USA captured 101 blocks out of the total mined in 72 hours. Foundry earns 21.49% of the global hash rate or 57.08 Eh/s,
In fact, the top three mining pools have more than 50 EH/s of hashrate per pool, which means three-quarters of the chain’s computational power is backed by Foundry, Antpool, and F2pool. There’s currently 12 known BTC mining pools today dedicating SHA256 hashpower toward the Bitcoin blockchain, and 2.13% or 5.65 EH/s is controlled by unknown hashrate otherwise known as stealth miners.
Profits for miners are still very tight, with bitcoin mining profits of less than $70 per petah per second (PH/s). With a cost of electricity at a nominal US$0.05 per kilowatt hour (kWh), a Bitmain Antminer S19 XP with 140 terahashes per second (TH/s), yields little gains today. $1.43 per day BTC profit.
