Bitcoin Hashrate Reaches All-Time High: Miners Approach June Peak

Bitcoin's computing power hit a record high of 946 exahashes per second (EH/s) on June 13, but by Sunday morning it was down to 945 EH/s.

Race to the Top: Bitcoin Hashrate Nears Record High

As of 10:00 AM ET on Sunday, July 27, Bitcoin's hash rate was 942.96 exahashes per second (EH/s), just over 3 EH/s below its previous record. This high figure is due to the stable and attractive mining profits over the past month.

Source: hashrateindex.com

Bitcoin's hashrate price rose from around $54 per petahash per second (PH/s) on June 27 to a monthly high of around $64 per PH/s on July 10 — its biggest monthly gain. However, the rally was short-lived. It was followed by a decline and several moderate swings between $58 and $62 per PH/s.

Since mid-July, the hashrate price has largely stabilized, hovering just below $60 per petahash/sec, with minor fluctuations. Blocks are currently being mined faster than the standard target time of 10 minutes, averaging 9 minutes and 44 seconds. If this rapid pace continues, a difficulty increase is likely to be expected by the August 8th re-target.

Foundry, Antpool and ViaBTC Continue to Lead

Foundry mining pool ranks first in SHA256 hashrate, with a power of 247 exahashes per second (EH/s). Antpool is second with 183 EH/s. ViaBTC is third among Bitcoin mining pools, F2pool is fourth, and MARA Pool rounds out the top five. Spiderpool is sixth, and Secpool is seventh.

Luxor is in eighth place, Binance Pool is in ninth place, and Braiins Pool rounds out the top ten. The leading pools continue to battle for dominance, and efficiency gains and strategic scaling could determine who will be successful in the intensifying race for Bitcoin’s next blocks. The top three pools have held their positions for a long time, supported by significant computing power that gives them a strategic advantage.

Source: cryptonews.net