Despite its low price, Bitcoin’s hashrate continues to rise as the difficulty reaches all-time highs.

In the midst of the Terra blockchain collapse, Bitcoin’s hashrate was well above the 200 exaHash per second range at the time of writing, 212 EH/s. Bitcoin’s hash power has remained high since hitting an all-time high of 734,577 at block height on May 2nd. Additionally, while Bitcoin miners continue to search for blocks, the network recorded another difficulty increase since its last hike on May 10 at a block height of 735,840.

Bitcoin’s Security Is Stronger Than Ever — Difficulty Levels at $31.25 Billion.

Over the past 12 months, Bitcoin’s hashrate has continued to surge, hitting new highs last year. The most recent all-time high was on May 2, 2022 at block height 734,577 with a hashrate tap of 275.01 EH/s.

Currently, the hashrate continues to climb to 212 EH/s, despite the clearing of $350 billion from the crypto economy in just 7 days, according to Into Block’s weekly key indicators. while BTChas gone down, and the network also saw a 4.89% increase in difficulty at block height of 735,840.

Despite its low price, Bitcoin's hashrate continues to rise as the difficulty reaches all-time highs.

The last two DAA (Difficulty Adjustment Algorithm) changes have increased the difficulty of the network by 10.45% in 4 weeks. With a difficulty of 31.25 trillion won, Bitcoin mining has been the most difficult so far (BTC). After 9 days, DAA is expected to rise again to 0.72%. As prices drop, BTC Miners are seeing much less earnings than they were two weeks ago.

For example, the Bitmain Antminer S19 Pro+ Hyd., which generates 198 terahashes per second (TH/s), costs only $9.29 per day at current prices. This is the case when a bitcoin miner pays $0.12 per kilowatt-hour (kWh). Machines producing less than 30TH/s may not benefit from paying $0.12 per kWh in electricity costs. Innosilicon’s Terminator 3, which produces 52TH/s, earns roughly $0.22 per day. BTC If you pay $0.12 per kWh for electricity.

Over the past 7 days, 1,035 blocks have been mined on the Bitcoin blockchain, 3 of which were empty. Foundry USA is the best miner this week as the pool found 211 blocks out of 1,035. Foundry commands 20.39% of the global hashrate or 45.75 EH/s in terms of hash power. Foundry was followed by F2pool, a mining operation that currently commands 14.49% of the global processing power dedicated to the Bitcoin network.

F2pool has a network-only hash power of 32.52 EH/s, and the pool found 150 out of 1,035 blocks discovered last week. Today, there are 15 known pools dedicated to SHA256 hash power. BTC About 1.16% of the chain and global hashrate are owned by unknown miners. An unknown mining entity or stealth miner ordered 2.6 EH/s and captured 12 of the 1,035 blocks discovered this week.

It’s been a crazy week for cryptocurrencies, but Bitcoin miners continue to do their best to find as many blocks as possible. today, BTC Prices are much lower than they were two weeks ago, and the difficulty level has increased, making finding them harder than ever. BTC block it. Despite these factors, the network hashrate remains high BTC Much safer than ever in the last 13 years.

tags in this story

10.45%, 31.25 trillion, 5.56% jump, Bitcoin Hashrate, Block Time, BTC Difficulty,, Chinese Miner, Difficulty, Difficulty Adjustment, Exahash, Foundry USA, Hashpower, Hashrate, Mempool, Mining Difficulty, Mining Tasks, Mining Pools, Network Difficulty, Total Hashrate, SHA256 Hashrate

What do you think about the fact that the price of Bitcoin is lower, but the hashrate remains high, and it is difficult to reach all-time highs? Let us know what you think of these topics in the comments section below.


Jamie Redman

Jamie Redman is a news lead for News and a financial technology journalist based in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open source code and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for News about the disruptive protocols emerging today.

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