On August 18, 2022, bitcoin mining difficulty rose again after increasing 1.74% two weeks earlier on August 4, at 7:07 a.m. (EST) with a block height of 749,952 Network mining difficulty rose 0.63% from 28.17 trillion to 28.35 trillion (Thursday morning).
The Bitcoin network recorded its second consecutive increase in difficulty since August 4
Finding Bitcoin (BTC) blocks is a touch harder today than during the past two weeks, as the Difficulty Adjustment Algorithm (DAA) increased by 0.63%. This increase is the second consecutive increase after a 1.74% spike in DAA two weeks ago with a block height of 747,936.
These two increases indicate that it is now 2.37% harder to findBTCblocks, compared to before August 4, when BTC blocks had a difficulty parameter of 27.69 trillion. The hash rate of the BTChash rate has remained low in terms of exahash dedicated to the network after reaching an all-time high with a block height of 739,928 on June 08, 2022.
At that time, the network reached a high of 292.02 exahashes per second (EH/s), and today the hash rate is coasting at 182.40 EH/s. Block 749,952 that changed DAA this week was discovered by Foundry USA and included 2,648 transactions and a fee of 0.1692 BTCwith a fee on top of 6.25 BTC block subsidy.
Foundry is the top mining pool for the past 3 days, as it commands 46.81 EH/s or 23.70% of the network hash rate.422 Out of BTCblocks discovered in the past 3 days Foundry has discovered 100 blocks. The second largest mining pool today is Antpool, accounting for 34.17 EH/s or 17.3% of the network’s hash power.
Bitmain’s Antpool has discovered a total of 73 blocks out of the 422 discovered. There are currently 11 known mining pools dedicating SHA256 hashes to theBTCchain; 1.9% of the hashes in the BTC chain are manipulated by unknown or stealth miners.
Of the 422 blocks discovered in 72 hours, UNKNOWN hashes have discovered 8 blocks in that time period. With increased difficulty and lowBTCfiat values, there are fewer bitcoin mining pools miningBTCthis week. Fewer bitcoin pools are mining BTCthis week than a few months ago.
The most profitable bitcoin mining rig today is Bitmain’s Antminer S19 XP at 140 terahashes per second (TH/s), paying $0.12 per kilowatt-hour (kWh), the S19 XP is making an gets an estimated $6.21 per day in coin profits.
Using the current $28.35 trillion difficulty, today’s.BTCexchange rate, and an electricity bill of $0.12/kWh, the Bitmain S19 Pro+ Hydro at 198 TH/s gets an estimated $5.36 per day in profit. Microbt’s Whatsminer M50S and Whatsminer M50 can earn an estimated $2.59 to $3.95profit per day; BTC
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