Mining Difficulty Increases 6.81%, Bitcoin Hashrate Reaches Record High
Bitcoin's hashrate reached an all-time high of 883 exahashes per second (EH/s) on April 5, which is about 21 EH/s higher than the previous record set on March 28.
Bitcoin Miners Expand Horizons as Difficulty Reaches 121.51 Trillion and Hashrate Peak
At the time of writing, the Bitcoin network has a computing power of 876.24 EH/s, slightly below its recent record. This historical hashrate comes amid a 6.81% increase in mining difficulty, raising the bar for miners looking to validate new blocks. The current spot hash rate — the expected daily profit for 1 petahash per second (PH/s) of SHA256 hashing power — is $46.16 per PH/s. The hash rate has fallen 11.15% since March 5.
At this rate, the network would need to add just 117 EH/s to break the 1 zettahash per second (ZH/s) threshold, which is likely to be reached in 2025. Currently, 883 EH/s is equivalent to 883 quintillion hashes per second (H/s), which equates to 0.883 ZH/s. This record level of computing power coincides with a lull in transaction activity, as recent blocks remain largely unfilled. Of all the blocks mined in the last 24 hours, less than 1% — 0.89% to be exact — came from on-chain transaction fees.
Foundry currently leads the way as the main Bitcoin mining pool, accounting for 32.33% of the global hashrate, followed by Antpool with 17.22%. Viabtc controls 15.02%, while F2pool controls 8.97%. Together, these four pools control 73.54% of the network hashrate. The 6.81% difficulty increase could slow the hashrate growth rate, as the metric is now at an all-time high of 121.51 trillion after mining block height 891,072.
Source: cryptonews.net
