After four consecutive bitcoin mining difficulty increases, network difficulty dropped for the first time in 68 days, sliding 2.14% on Tuesday with a block high of 756,000. This change means that it is now 2.14% easier to find bitcoin block rewards following an all-time high (ATH) in mining difficulty on September 13.
Bitcoin difficulty slides 2.14%
Bitcoin miners took a break this week after the network’s mining difficulty level slid 2.14% Tuesday evening. Difficulty is now at 31.36 trillion, following the 32.04 trillion ATH recorded on Tuesday, September 13. The difficulty level is adjusted every 2,016 blocks, so the network difficulty level will remain at 31.36 trillion for the next two weeks.
The network hash rate is coasting at 234 exahash per second (EH/s), while statistics show that the average hash rate during the last 2,016 blocks was 225.2 EH/s. According to current indicators, at the currentBTCprice and electricity cost According to current indicators, at the currentBTCprice and electricity cost of $0.07 per kilowatt-hour (kWh), approximately 41 SHA256 application specific integrated circuit (ASIC) bitcoin miners are making $0.12 to $7.95 per day. At $0.95 per kWh, that means nine ASIC bitcoin miners are making an estimated profit of between $0.33 and $4.24 per day.
The top five most profitable ASIC mining machines today are the Bitmain Antminer S19 XP at 140 terahas per second (TH/s), Antminer S19 Pro+ Hyd (198 TH/s), Microbt Whatsminer M50S (126 TH/sec), Microbt Whatsminer M50 (114 TH/sec), and Bitmain Antminer S19 Pro (110 TH/sec).
In the past 3 days, 423 blocks were discovered by miners, with Foundry USA discovering 108 blocks.Foundry has been the top miner in the past 3 days with 56.53 EH/s, 25.53% of the global hash rate. Foundry has become the world’s top miner with 56.53 EH/s.
Foundry is followed by Antpool, F2pool, Binance Pool and Viabtc respectively. Currently, 11 known mining pools dedicate hashrates to the bitcoin blockchain, representing 98.11% of the global hashrate. The unknown hash rate commands 1.89% of today’s global hash rate, or 4.19 EH/s, which was used to discover 8 of the 423 blocks found in 3 days.
Meanwhile, at the current block time rate, the next change in difficulty is estimated to be an increase of roughly 1.32%, but that could change significantly while the next 1,957 blocks remain to be mined.
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