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


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% more durable for bitcoin miners to seek out bitcoin block rewards since then.

Bitcoin Hashrate Cracks One other ATH, Block Rewards Turn into A lot More durable to Discover After Problem Jumps Shut to five% Larger

On 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 accordance with coinwarz.com’s six-month statistics. The brand 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.

Bitcoin Hashrate Hits Another Milestone, Network's Mining Difficulty Taps 13-Year High
Bitcoin (BTC) community hashrate on February 17, 2022.

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

Bitcoin Hashrate Hits Another Milestone, Network's Mining Difficulty Taps 13-Year High
Bitcoin (BTC) community problem on February 17, 2022.

Nevertheless, since July 17, there have been 16 completely different problem adjustment algorithm (DAA) adjustments 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 immediately, at 97.87 EH/s.

Whereas bitcoin miners have recorded one other ATH, the highest pool over the past 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. Presently, 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 return in 13 days is at the moment anticipated to be one other improve. Whereas the estimate might change, proper now it’s anticipated to leap 0.04% from the present 27.97 trillion to 27.98 trillion.

Tags on this story

11 recognized swimming pools, 249 Exahash, 249.75 EH/s, Antpool, Binance Pool, Bitcoin hashrate, Bitcoin Miners, BTC hashpower, BTC Hashrate, BTC miners, BTC.com, problem, Exahash, F2Pool, Foundry USA, World Hashrate, Hashpower, Hashrate, Luxor, Miners, Mining Problem, Mining Swimming pools, Over 200 EH/s, pool distribution, Poolin, Value, Sbi Crypto, Slushpool, Unknown Pool, ViaBTC

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

Jamie Redman

Jamie Redman is the Information Lead at Bitcoin.com Information and a monetary tech journalist dwelling in Florida. Redman has been an energetic member of the cryptocurrency group since 2011. He has a ardour for Bitcoin, open-source code, and decentralized purposes. Since September 2015, Redman has written greater than 5,000 articles for Bitcoin.com Information concerning the disruptive protocols rising immediately.

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