{"id":249,"date":"2022-10-16T14:19:02","date_gmt":"2022-10-16T14:19:02","guid":{"rendered":"https:\/\/live-script.xyz\/despite-significant-difficulty-and-low-btc-price-bitcoins-hashrate-continues-to-climb-higher\/"},"modified":"2022-10-16T14:19:02","modified_gmt":"2022-10-16T14:19:02","slug":"despite-significant-difficulty-and-low-btc-price-bitcoins-hashrate-continues-to-climb-higher","status":"publish","type":"post","link":"https:\/\/live-script.xyz\/despite-significant-difficulty-and-low-btc-price-bitcoins-hashrate-continues-to-climb-higher\/","title":{"rendered":"Despite Significant Difficulty and Low BTC Price, Bitcoin\u2019s Hashrate Continues to Climb Higher"},"content":{"rendered":"
Following the largest difficulty increase the Bitcoin network has seen in 2022, the network\u2019s hashrate has not been affected by the 13.55% increase. In fact, five days ago at block height 758,138, the network\u2019s 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.<\/strong><\/p>\n It\u2019s been six days since Bitcoin\u2019s last difficulty retarget, which saw the <\/span>largest rise this year<\/span><\/a> when the metric jumped 13.55% higher than the difficulty setting codified 2,016 blocks before block 758,016. <\/span><\/p>\n Despite the difficulty increase and bitcoin\u2019s (BTC<\/a>) U.S. dollar value sliding to $18,183 on October 13, the network\u2019s computational power has remained red-hot as another all-time high record (ATH) was <\/span>recorded<\/span><\/a> on October 11.<\/span><\/p>\n\n On that day, Bitcoin\u2019s hashrate reached 325.11 EH\/s at block height 758,138, which is a 1.23% increase since the <\/span>hashrate ATH<\/span><\/a> recorded on October 5, at block height 757,214. At the time of writing, according to <\/span>statistics<\/span><\/a> from coinwarz.com, BTC<\/a>\u2019s total hashrate is just above the 289 EH\/s zone. <\/span><\/p>\n The up-tempo hashrate has made it so block times are considerably faster than the ten-minute average. Data shows that the current BTC<\/a> block generation time is around <\/span>8.22 minutes<\/span><\/a> and if the speedy block generation time continues, another pronounced difficulty rise in the cards.<\/span><\/p>\n Even after the 13.55% difficulty rise, estimates indicate that on October 23, the difficulty is expected to increase by <\/span>3.59%<\/span><\/a> to <\/span>5.5%<\/span><\/a>. Over the last three days, 470 blocks were mined and the mining pool Foundry USA captured 101 blocks out of the total mined in 72 hours. Foundry commands 21.49% of the global hashrate or <\/span>57.08 EH\/s<\/span><\/a>. <\/span><\/p>\n In fact, the top three mining pools have more than 50 EH\/s of hashrate per pool, which means three-quarters of the chain\u2019s computational power is backed by Foundry, Antpool, and F2pool. <\/span>There\u2019s currently 12 known BTC<\/a> 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. <\/span><\/p>\n Profits are still super tight for miners, and bitcoin mining profits are at all-time lows at under $70 per petahash per second (PH\/s). With electrical costs at 0.05 nominal U.S. dollars per kilowatt hour (kWh), a Bitmain Antminer S19 XP with 140 terahash per second (TH\/s), gets a much smaller profit today at <\/span>$1.43 per day<\/span><\/a> in BTC<\/a> profits.<\/span><\/p>\n What do you think about Bitcoin\u2019s hashrate remaining red-hot and recording new all-time highs despite the lower price and high difficulty rating? Let us know what you think about this subject in the comments section below. <\/strong><\/em><\/p>","protected":false},"excerpt":{"rendered":" Following the largest difficulty increase the Bitcoin network has seen in 2022, the network\u2019s hashrate has not been affected by the 13.55% increase. In fact, five days ago at block height 758,138, the network\u2019s computational power surpassed the all-time high (ATH) recorded on October 5, as it reached 325.11 exahash per second (EH\/s) on October […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"yoast_head":"\n325 EH\/s \u2014 <\/span>Bitcoin\u2019s Hashrate Taps Another ATH Following the Last Difficulty Retarget<\/h2>\n
Top 3 Bitcoin Mining Pools Command 50 EH\/s Each<\/h2>\n