Bitcoin’s Hashrate Jumps 15% Higher in 10 Days, Mining Difficulty Expected to Rise
After reaching an all-time high of 249 EH/s on February 15, 2022, Bitcoin’s hashrate dropped to 169 EH/s two weeks ago. After the decline in processing power, the difficulty fell for bitcoin miners’ relief.
After six consecutive difficulty increases, the difficulty fell 1.49% on March 3. Bitcoin’s current mining difficulty is currently 27.55 trillion. After the last adjustment, processing powers have improved.
Bitcoin’s hashrate has increased by more than 15% since the difficulty change, and by 29% since the hashrate reached 169 EH/s just two weeks ago. The network’s current processing power is approximately 218.11 EH/s. It has managed to maintain a level above 200 EH/s for the past ten days.
The next epoch of mining difficulty adjustment will occur in less than four working days. It is expected to increase 1.03%. If the increase above 1% occurs, the mining difficulty will be changed from 27.55 trillion – 27.83 trillion.
Foundry USA Holds the Lead, Stealth mining Diminishes and Alternative Networks Ride Below Hashrate Highs
Foundry USA is the top-miner over the past 72 hours according to three-day hashrate distribution statistics. This American mining operation currently has 42.42 EH/s dedicated for the Bitcoin blockchain, which is 21.19% of today’s hashrate.
F2pool, which has 30.93 EH/s processing power and 15.45% of global hashrate, is the second-largest mining pool in terms of hashrate. As of the writing, 11 mining pools are dedicated to SHA256 hashrate towards the Bitcoin chain.
There are 1.33 EH/s, or 0.66% of global hashrate that is operated by stealth or unknown miners. The Bitcoin network is still at near-record speeds, but there are a few other networks that have reached record levels.
Monero is at all-time highs at 2.92 gigahash/second (GH/s), and Ethereum is at 1.04 petahash/second (PH/s). Both networks are below the hashrate average ATHs, just like Bitcoin.