Bitcoin’s hashrate has risen a lot over the past three months as it has risen over 32% from 103 exahash per second (EH / s) on July 25 to 137 EH / s today, with some highs between 189. EH / s mark. Soaring Bitcoin prices have pushed the hashrate higher and within a week the overall mining difficulty is expected to increase for the eighth consecutive time.
Bitcoin Hashrate Rises Steadily
As the price of bitcoin is still over 30% higher over the past month, even after falling below the $ 60,000 region, the mining power of the network has increased significantly. Three-month statistics show Bitcoin’s hashing power has crossed the 160 EH / s area nine times since July 25 and over 180 EH / s once so far.
At that time, three months ago, the BTC hashrate was steadily recovering from the crackdown on bitcoin mining in China and the mass migration that followed. The spot price of hashrate and bitcoin was much lower three months ago, as the network’s processing power was just above 100 exahash per second.
Network security and processing power have increased 32% since then as higher prices made miners much more profitable than they were at the end of July. October 24, with 137 EH / s dedicated to the Bitcoin blockchain, and the current BTC exchange rate, gives most mining platforms the opportunity to make a profit.
Top Bitcoin ASIC Miners Make $ 37 Per Day, Stealth Miners Order 12% Network Hash Rate, Difficulty Increases 39%
The Whatsminer M30S ++ Microbt with 112 terahash per second (TH / s) of hashrate can earn $ 37.47 per day with current BTC prices and $ 0.12 per kilowatt hour of electricity per day. Bitmain’s Antminer S19 Pro with 110 TH / s under the hood gets $ 37.26 per day at the same electricity rate and Sunday’s BTC exchange rates.
Today, the largest Bitcoin network hashrate (BTC) mining pool is F2pool with 17.56% of network hash power or 26.31 EH / s. F2pool is followed by Antpool’s 17.11% or 25.65 EH / s, Viabtc 12% or 17.98 EH / s, and the unknown hashrate, also known as stealth miners, also orders 12 % or 17.98 EH / s.
In seven days, the Bitcoin network mining difficulty adjustment is also expected and is expected to increase 2.20% from 20.08 trillion to 20.52 trillion. This will be the eighth difficulty increase in a row, as BTC’s difficulty has increased by 39.94% over the last seven difficulty adjustment algorithm changes.
What do you think of the increase in Bitcoin hashrate and ASIC miners becoming more profitable with the current price spike? Let us know what you think of this topic in the comments section below.
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