Bitcoin hashrate rises despite falling prices, mysterious hash power return

Bitcoin hash rate has increased even though the price fell below the $ 50,000 mark. Eight days ago the network hashrate was 168 exahash / s (EH / s) and last week it increased by 7.73% to the current 183.4 EH / s.

Bitcoin hashrate | Source: Coinwarz

Three-month statistics show that Bitcoin’s hash power hit 190 EH / s on Friday (December 3rd). Indicators show that the network hashrate hit an all-time high (ATH) on May 9, 2021 at 191.42 EH / s. One reason the hash rate remains high despite the recent drop in prices is because the network’s mining difficulty fell during the last difficulty change on Nov.

Bitcoin hashrate | Source: Coinwarz

With the change on that day, the difficulty of mining bitcoin decreased for the first time since July 17th. The difficulty decreased seven days ago, making Bitcoin mining 1.49% more difficult.

The current difficulty is 22.34 trillion, and at the current processing rate, the next difficulty is expected to increase 1.17% to 22.6 trillion.

Almost 20 exahashes of mysterious miners consuming large numbers of blocks for 50 consecutive days

Only 13 participating pools dedicate the SHA256 hash power to the Bitcoin blockchain, and an unknown number of hashrates, also known as mysterious miners, account for 11.75% (19.84 EH / s) of the network’s hash power.

Distribution of bitcoin mining by pool

Bitmain’s Antpool is the largest mining pool with 17.94% (30.28 EH / s) hashrate of the network. The second largest mining pool on December 5th was Foundry USA with 16.49%, 27.84 EH / s hash power. Right behind Foundry USA is F2pool, which accounts for 13.20% of the hashrate (22.27 EH / s).

Distribution of bitcoin mining by pool

From mid-October until now, an unknown number of miners or hashrates were known on the network. For 50 consecutive days, the unknown hashrate consumed a large number of Bitcoin blocks.

Unknown hashrate statistics have increased since mid-October 2021

As of 2009, unknown miners have found 226,000 bitcoin block rewards, and in the past six months they have found 1,957 blocks.

Hashpower is drawn from many regions of the world, mainly from countries like the United States, Kazakhstan, the Russian Federation, Canada, Ireland, Malaysia, Germany and Iran.

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