Following the largest difficulty increase the Bitcoin network has seen in 2022, the network hash rate was unaffected by the 13.55% increase. In fact, with a block height of 758,138 five days ago, the network’s computing power reached 325.11 exahashes per second (EH/s) on October 11, surpassing the all-time high (ATH) recorded on October 5. Furthermore, the block generation interval is now less than 10 minutes per block, and a noticeable increase in difficulty is expected on October 23 as well.
325 EH/s – Bitcoin hash rate taps another ATH
following the last difficulty retarget.
Six days after Bitcoin’s last difficulty re-target, we saw the biggest rise of the yearbiggest rise of the year jumped 13.55% higher than the difficulty setting coded at 2,016 blocks before block 758,016
Despite the increase in difficulty and the USD value of Bitcoin (BTC) falling to $18,183 on October 13, the network’s computing power remained red hot, with another all-time high record (ATH) being recorded
On that day, the bitcoin hash rate reached 325.11EH/s with a block height of 758,138, which is a 1.23% increase from hash rate ATH, an increase of 1.23% from was recorded on October 5 with a block height of 757,214. At the time of writing, according to statistics coinwarz.com’s,,, andBTCtotal hashrate is just above the 289EH/s zone.
Up-tempo hash rates have resulted in block times well above the 10-minute average. Data shows that the currentBTCblock generation time is around 8.22 minutes and if the speedy block generation time continues, another noticeable increase in difficulty can be expected.
Top 3 Bitcoin Mining Pools Command 50 EH/s Each
Even after a 13.55% increase in difficulty, an estimateddifficulty increase is expected on October 23. 3.59% to 5.5% . In the last three days, 470 blocks were mined and mining pool Foundry USA captured 101 blocks out of the total mined in 72 hours Foundry captured 21.49% orof the global hash rate. 57.08 EH/s .
In fact, the top three mining pools have hash rates above 50 EH/s per pool, which means that three quarters of the chain’s computing power is supported by Foundry, Antpool, and F2pool. 100} There are currently 12 knownBTCmining pools, BTC mining pools currently dedicate SHA256 hash power to the bitcoin blockchain, 2.13% or 5.65EH/s known as stealth miners controlled by an unknown hash rate.
Profits are still super tight for miners, with bitcoin mining profits at an all-time low of less than $70 per petahash per second (PH/s). At an electricity cost of 0.05 nominal USD per kilowatt-hour (kWh), the Bitmain Antminer S19 XP at 140 terahasis per second (TH/s) makes much less profit today at $1.43 per day at. profit of BTC
What do you think about Bitcoin’s hash rate remaining red-hot and at all-time highs despite lower prices and high difficulty ratings? Let us know what you think about this subject in the comments section below.
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