Bitcoin hash rate is 170 per second Exahash surged from lows (EH/s) this week to the 300 exahash range after a number of bitcoin mining operations temporarily went offline from Texas on December 25, 2022. exceeded. Additionally, his 3-day hashrate distribution stats recorded on December 29, 2022 show two mining pools above 50% of the global hashrate.
Two Mining Entities Now Generate Over 50% of Global Hashrate, Bitcoin Mining Difficulty Expected to Drop Significantly in 5 Days
The computing power behind Bitcoin (BTC) network climbed to the range of 300 EH/s on the night of December 28, 2022. Three days before the rise, the hashrate ofBTChit a low of 170 EH/s on Dec 28, 2022 as Bitcoin miners in Texas slashed their hashpower to overburden the grid. It’s time to release from
Most of the SHA256 hash power recovered on the same day, with Bitcoin.com News reporting that it had recovered to 240 EH/s by 12:00 pm. (ET). Following Wednesday’s jump above 300 EH/s, the total network hashrate is on track at 250.57 EH/s, according to Thursday’s stats. In addition, two mining pools have gained more than 50% of the network’s total hashrate in the last three days.
Of course, this caused criticism., and this week,accusations of centralization. On December 29th, mining pool Foundry USA controls 31.45% of the total hashrate, while Antpool controls 21.87% of its current 250.57 EH/s on Thursday morning (ET). Between both mining pools, Antpool and Foundry command 53.32% of the total hashrate of BTC.
F2pool has about 14.25% of the hashrate, while Viabtc has about 9.34% of the Dec 29 total. All four mining pools with Viabtc commands at about 76.91% of total hashrate over the last three days. There are only 12 known mining pools dedicated to the BTC chain with SHA256 hashrate, and 5.64 EH/s or 2.46% of the global network is associated with unknown miners.
After a 3.27% increase in mining difficulty for the Bitcoin network at block height 768,096 on December 19, 2022, the change in network difficulty is expected to drop significantly on January 3, 2023. increase. The difficulty drop indicates that it could be 7.39% to 8.1% lower than the current difficulty index. The
block generation time was several times faster than the 10 minute average at 9:33 minutes, but most of the recent block intervals were around 10:54 minutes with the 10 minute average. surpassed At the time of writing, the most profitable SHA256 Bitcoin mining machine is the Bitmain Antminer S19 XP Hyd. It has a hash power of 255 terahashes per second (TH/s).
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