While Bitcoin has hovered above the $ 60,000 level for the past 28 days, the network’s hash rate has also risen sharply during this time, with Bitcoin hash rate rising 42% from 110 exahash per second since Aug. 13 (EH / s) to date 157 EH / s. In addition, after nine consecutive difficulty changes in the future, it will be 50% more difficult to mine Bitcoins in the next two weeks than it was three months ago.
Bitcoin’s Hashrate Follows the Price Rise
At the time of this writing, Bitcoin’s hash rate is slipping to 157 EH / s and around 14 known mining pools are devoting hashpower to the network. 16.39 Exahash or 10.24% of the network are mined by sneaky miners and the hashrate is classified as “unknown”.
The unknown hashrate represents the fifth largest mining pool that provides hash values for the network. For the past three months, the Bitcoin hashrate has followed the price move north. The overall hash rate is 42% higher than three months ago and that was about a month after China’s crackdown on Bitcoin miners.
Bitcoin Is 50% More Difficult to Mine Than It Was 3 Months Ago
Over the past three months, the hashrate averages show that the Bitcoin hashrate hit 180 EH / s in some places over the past three months. Bitcoin’s hashrate has risen three times over the 180 EH / s region since Oct 25.
4 Pools Command 58% of Network’s Processing Power
Today, the four largest mining pools control 58.6% of the network’s hashrate over the past three days. F2pool is the largest mining pool with 28.51% of EH / s and Antpool controls 26%. Smelter USA, the third largest mining pool, now captures 12.69% of the world’s hashrate. The Foundry Group is roughly 20.32 EH / s at the time of this writing.
Viabtc is the fifth largest mining pool at 11.8% of the global hashrate, which equates to 18.89 EH / s. The fifth largest hashrate today belongs to the “unknown” designated stealth miners with 16.39 EH / s.Under this part of the hashrate pie are ten more mining pools that dedicate hashrate to the BTC chain.
Market’s Most Profitable Miners Are Raking in $34 to $45 per Day
The most profitable miners in the market make decent profits between $ 34 and almost $ 45 per day with today’s exchange rates, current mining difficulties, and $ 0.07 per kilowatt hour (kWh) in electricity costs. The Microbt Whatsminer M30S ++ (112 TH / s) will net $ 44.77 per day at current BTC exchange rates and Bitmain Antminer S19 Pro (110 TH / s) will get $ 44.24 per day.
Canaan’s flagship model, the Avalonminer 1246 (90 TH / s) can fetch around $ 34.92 every 24 hours using current exchange rates. If the new Bitmain Antminer S19 XP were in circulation today, it could make around $ 58.20 per day with its 140 TH / s of hash power. However, the unit is not expected to be sold until July 2022.
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