After reaching an all-time high on June 8, bitcoin hash rates dropped to a low of 182 exahashes per second (EH/s) during the recent drop in bitcoin prices on June 12-13. While the USD value of bitcoin has remained below the $23K zone, the bitcoin hash rate has managed to rise again above the 200 EH/s region.
The hash rate dropped to 182 EH/s and bounced back above 200 EH/s, with over 741 million bitcoin transactions confirmed
Nearly a week ago, the bitcoin hash rate hit an all-time high of 292.02EH/s with a block height of 739,928 and has since dropped to just above the 200EH/s zone. Currently, on Tuesday, June 14, 2022, the hash rate is coasting at 232.63EH/s.
During the crypto market upheaval of June 12-13, the network’s computing power dropped from 231EH/s to 182EH/s. During this period, the network’s hash rate dropped 21%, but quickly recovered.
At current rates, the network’s mining difficulty is expected to increase by 0.67% to 30.49 trillion. Current estimates may shift as there is still a full week before the difficulty adjustment algorithm (DAA) change; the DAA change is expected to occur around June 22, 2022, meaning that there are 1,050 more blocks to be rewarded until the shift.
Additionally, there are less than 100K blocks rewarded until the next half-life, or about 99,214 blocks remaining at the time of writing. The block subsidy after those blocks are mined will change from 6.25 bitcoins per block to 3.125 bitcoins per block after the half-life.
Currently, Foundry USA is today’s top bitcoin mining pool with 22.52% of the global hash rate after discovering 93 of the 413 blocks discovered in the past 3 days.Poolin is the second largest mining pool, with 13.80% of the global hashrate.
Twelve known mining pools are currently miningBTC, while 0.73% of the global hashrate, or 1.62 EH/s, is operated by stealth miners. Unknown miners have discovered 3 blocks out of 413 in the past 3 days.
miners and non-mining nodes that have secured BTCThe blockchain should store 467.6 GB of data at the time of writing. At the time of writing, there are 19,067,210.93 of data; BTCminted and in circulation, with 1,932,574.98 left to be discovered by miners.
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