Bitcoin hashrate has increased 42% in the past 3 months while BTC price has increased 36%
While Bitcoin price has been trading above $ 60,000 for most of the past 28 days, the network’s hashrate also increased significantly. Since August 13, the Bitcoin hashrate has increased 42% from 110 exahash per second (EH / s) to 157 EH / s today. In addition, after 9 consecutive difficulty changes, Bitcoin mining will be 50% more difficult in the next 2 weeks than it was 3 months ago.
Bitcoin hashrate of after Price increase
At the time of writing, the Bitcoin hashrate is approaching 157 EH / s and around 14 identified mining pools are contributing hash power to the network. 16.39 of these exahash or 10.24% of the network are mined by anonymous miners and the hashrate is classified as “unknown”.
The source: CoinWars
The unknown hashrate is the fifth largest mining “pool” that contributes to the network. The hashrate increases with the price of BTC and is 42% higher than it was 3 months ago, and that’s about 1 month after China cracked down on the miners.
Bitcoin is 50% more difficult to mine than it was 3 months ago
Over the past 3 months, the average hashrate shows that Bitcoin’s hashrate is up to 180 EH / s at some point and has had 3 peaks above the 180 EH / s region since October.
The price has been hovering above the $ 60,000 area since October 15 and has fallen below once during that time. As the hashrate is slowly increasing, Bitcoin’s network difficulty will correct itself 9 times in a row by the end of this week. Accordingly, 9 adjustments correspond to a 50% harder Bitcoin mining as of July 17, 2021.
4 pools account for 58% of network processing power
Currently, the top 4 mining pools account for 58.6% of the network hashrate over the past 3 days. F2pool is the largest mining pool with 28.51 EH / s (17.8%) and Antpool accounts for 16.3%. Foundry USA accounts for 12.69% of the world’s hashrate and is now the third largest mining pool. The foundry pool is doing around 20.32 EH / s at the time of writing.
Pool distribution | The source: btc.com
Viabtc is the fourth largest mining pool with 11.8% global hashrate (18.89 EH / s). The fifth largest hashrate currently belongs to “unknown” miners at 16.39 EH / s.
Miners can make anywhere from $ 34 to $ 45 a day
follow statistical, the most profitable miners on the market make decent profits ranging from $ 34 to nearly $ 45 per day, depending on price, current mining difficulty, and electricity costs of $ 0.07 / kWh. Microbt Whatsminer M30S ++ (112 TH / s) brings in $ 44.77 per day at current BTC rates and Bitmain Antminer S19 Pro (110 TH / s) brings in $ 44.24 per day.
Canaan’s top model is the Avalonminer 1246 (90 TH / s), which can fetch around $ 34.92 every 24 hours. When the new Bitmain Antminer S19 XP goes live, it can earn around $ 58.2 per day with hash power of 140 TH / s. However, the device is not expected to go on sale until July 2022.
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