Key Points:
Bitcoin’s hashrate has jumped from the low 170 exahash per second (EH/s) recorded this week to above the 300 exahash range after several bitcoin mining operations from Texas temporarily went offline on Dec. 25, 2022.
On December 29, Viabtc and F2pool respectively had 14.25% and 9.34% of the total hashrate.
There have been a few occasions where block production times were faster than the 10-minute average at 9:33 minutes, but most recent block intervals have been longer than the 10-minute average at roughly 10:54 minutes.
Bitcoin’s hashrate has jumped from the low 170 exahash per second (EH/s) recorded this week to above the 300 exahash range after several bitcoin mining operations from Texas temporarily went offline on Dec. 25, 2022.
Furthermore, three-day hashrate distribution statistics recorded on Dec. 29, 2022, indicate that two mining pools command more than 50% of the global hashrate.
On the evening of December 28, 2022, the Bitcoin (BTC) network’s computational processing power increased to a range of 300 EH/s. On December 28, 2022, three days before the surge, Texas-based bitcoin miners reduced their hashrate to a low of 170 EH/s to relieve the grid of any extra pressure.
Statistics on Thursday show that the entire network hashrate is cruising along at 250.5 7 EH/s after Wednesday’s leap above 300 EH/s. During the last three days, two mining pools have also taken over 50% of the network’s total hashrate.
Over 53% Of The Total Hashrate Of Bitcoin Is Controlled By Mining Pools 5
Of course, this has led to complaints about the network and centralization this week. On December 29, Antpool commands 21.87% of the current 250.57 EH/s, while the mining pool Foundry USA holds 31.45% of the total hashrate (ET). Antpool and Foundry own 53.32% of the total hashrate for Bitcoin between them.
Viabtc and F2pool respectively had 14.25% and 9.34% of the total hashrate
Foundry, Antpool, and F2pool account for about 67.57% of the total hashrate, while all four mining pools using Viabtc control about 76.91% for the last three days. Only 12 known mining pools are directing 5.64 EH/s or 2.46% of their SHA256 hashrate toward the Bitcoin chain.
On Dec. 19, 2022, at block height 768,096, the mining difficulty for the Bitcoin network increased by 3.27%. On Jan. 3, 2023, the network’s difficulty change is anticipated to decrease noticeably. According to current projections, the difficulty reduction could be 7.39–8.1% lower than the current difficulty metric.
There have been a few occasions where block production times were faster than the 10-minute average at 9:33 minutes, but most recent block intervals have been longer than the 10-minute average at roughly 10:54 minutes. As of this writing, the Bitmain Antminer S19 XP Hyd., with 255 terahash per second (TH/s) of hash power, is the most lucrative SHA256 bitcoin mining device.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your research before investing.
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