Bitcoin hashrate has been increasing a great deal over the last three months, as it’s elevated more than 32% from 103 exahash per second (EH/s) on July 25 to today’s 137 EH/s, with a couple of highs in between around the 189 EH/s mark. Bitcoin’s price spike has pushed the hashrate higher and in a week’s time, the general mining difficulty is predicted to extend for the eighth time in a row.
Bitcoin Hashrate Steadily Rises Higher
As bitcoin’s price continues to be more than 30% greater during the last month, even after the fall under the $60K region, the network’s mining energy has elevated a great deal. Three-month statistics show that Bitcoin’s hashpower has jumped above the 160 EH/s zones 9 times since July 25 and over 180 EH/s once so far.
At the moment three months ago, BTC’s hashrate was steadily recovering from the bitcoin mining crackdown in China and the mass migration that followed. The hashrate and bitcoin’s spot value was much lower three months ago because the network’s processing energy was hovering simply above 100 exahash per second.
The network’s security and processing energy elevated 32% since then as the worth lift has made it so miners are way more worthwhile than they have been in late July. On October 24, with 137 EH/s devoted to the Bitcoin blockchain, and the present BTC exchange price offers most mining rigs the ability to rake in profits.
Top ASIC Bitcoin Miners Rake in $37 per Day, Stealth Miners Command 12% of the Network Hashrate, Difficulty up 39%
The Microbt Whatsminer M30S++ with 112 terahash per second (TH/s) of hashrate can make $37.47 per day with present BTC prices and $0.12 per kilowatt-hour of electricity per day. Bitmain’s Antminer S19 Pro with 110 TH/s beneath the hood will get $37.26 per day at the same electricity price and Sunday’s BTC exchange rates.
At this time, the most important mining pool dedicating hashrate to the Bitcoin (BTC) network is F2pool with 17.56% of the network’s hashpower or 26.31 EH/s. F2pool is adopted by Antpool’s 17.11% or 25.65 EH/s, Viabtc’s 12% or 17.98 EH/s, and unknown hashrate, otherwise known as stealth miners, command 12% as well or 17.98 EH/s as well.
In seven days, the Bitcoin network mining difficulty adjustment is predicted as properly and it’s estimated to increase by 2.20% from 20.08 trillion to 20.52 trillion. It will be the eight difficulty increase in a row as BTC’s difficulty has elevated by 39.94% over the last seven difficulty adjustment algorithm modifications.
Source: Bitcoin News
