Bitcoin’s computing power remains high, rising 163% in 5 months, and Foundry USA tops the list of mining pools – Mining Bitcoin News

[ad_1]

The computing power behind the Bitcoin network has recently reached the highest level in its lifetime, and has continued to remain above the 180 exahash (EH/s) area per second. Five months ago, computing power fell to a low of 69 EH/s. Since then, computing power has increased by 163% in the past 178 days or five months ago.

Following China’s crackdown on Bitcoin mining last summer, Bitcoin’s computing power continued to boom at the end of the year

Miners use SHA256 computing power for the Bitcoin blockchain and have maintained a processing capacity of more than 180 EH/s. As of this writing on December 23rd, BitcoinThe hash rate hovered above the 186 EH/s area.The recent hash rate highs are as follows BitcoinHigh lifetime computing power Tapping 194.95 EH/s December 8, 2021. Since then, indicators have shown that the hash rate has been hovering below the region, and 30-day statistics show that it has quickly approached the December 8 high on several occasions.

Bitcoin's computing power remains high, rising 163% in 5 months, and Foundry USA tops the mining pool list
Bitcoin (Bitcoin) Network statistics throughout the year. Since June 28, 2021, Bitcoin’s computing power has increased by 163% in the past 178 days.

BitcoinThe hash rate of is currently much better than the record on June 28, 2021, when the processing power dropped to 69 EH/s. As China’s mining business in China was hit, the network’s computing power dropped from 191 EH/s on May 9 to 69 EH/s at the end of June, a loss of 63.87%. Five months later, the computing power rebounded and recovered the processing power lost during that time. At the end of June, BitcoinThe price is much lower, at 34,000 US dollars per unit.

Difficulty is expected to drop slightly, the US foundry tops the list this week

This past week Bitcoin It has been trading at a price of US$46,500 to US$49,500, which keeps the computing power strong-even after the network’s mining difficulty jumped 8.33% on December 11. In fact, the network difficulty may be reduced for the first time since then. It fell by 1.49% on November 28. At the time of writing, the difficulty is expected to drop again by 0.23% in 24 hours from now. This will reduce the current mining difficulty of 24.20 trillion yuan by one level to 24.14 trillion yuan.

Currently, the largest Bitcoin (Bitcoin) In terms of overall computing power, the miner is the American Foundry, accounting for 17.17% of the global computing power or 29.82 EH/s. Today’s second largest miner is Bitmain’s Ant Pool, which accounts for 14.78% of the global computing power, or 25.67 EH/s. The Ant Pool is closely followed by Viabtc (14.57%), F2pool (13.26%) and Binance Pool (12.17%). Unknown computing power or invisible miners control 12.17% of the network computing power, making it the sixth largest entity in the world. At the time of writing, the unknown computing power has a computing power of 21.14 exahash per second.

What do you think of the current state of Bitcoin network hash rate driven by Proof of Work (PoW)? Please tell us your thoughts on this topic in the comments below.

Jamie Redman

Jamie Redman is the head of news at Bitcoin.com News and a fintech reporter living in Florida. Since 2011, Redman has been an active member of the cryptocurrency community. He is passionate about Bitcoin, open source code and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News about destructive protocols emerging today.




Image Source: Shutterstock, Pixabay, Wiki Commons, coinwarz,

Disclaimer: This article is for reference only. It is not a direct offer or invitation to buy or sell, nor is it a recommendation or endorsement of any product, service or company. Bitcoin Network Does not provide investment, tax, legal or accounting advice. The company or the author is not directly or indirectly responsible for any damage or loss caused or claimed to be caused by using or relying on any content, goods or services mentioned in this article.



[ad_2]

Source link

Recommended For You

About the Author: AZ