Bitcoin difficulty reaches all-time high, hash rate up 45% in 6 months

The Bitcoin web has deed yet different all-time precocious successful mining trouble aft a dependable ascent since past July’s lows.

On-chain investigation instrumentality CoinWarz indicated connected Feb. 18 that mining trouble reached a caller precocious of 27.97 trillion hashes (T). This is present the second clip successful 3 weeks that Bitcoin (BTC) has deed a caller ATH successful presumption of difficulty. On Jan. 23, trouble reached 26.7 T erstwhile hash rates were astatine 190.71 EH/s (exahashes per second).

Higher trouble means determination is much contention among miners to corroborate a artifact and extract a artifact reward. As a result, miners person precocious begun selling disconnected coins oregon their company’s banal successful bid to support their currency reserves intact. Most notably, Marathon Digital Holdings filed connected Feb. 12 to merchantability $750 cardinal successful shares of its company. 

Hash complaint for the web has besides deed a caller ATH according to information from Blockchain.com, which indicates a hash complaint of 211.9 EH/s. Different measurement tools person recorded antithetic hash complaint highs implicit the past fewer weeks. YCharts tools displayed a hash complaint ATH of 248.11 EH/s connected Feb. 13.

Of the known planetary mining pools, AntPool and F2Pool are person contributed the astir hash power. Antpool accounts for 96 blocks mined implicit the past 4 days portion F2Pool accounts for 93 according to information from Blockchain.com.

Regardless of the measuring tools used, some hash complaint and mining trouble person been connected the upswing since hitting heavy troughs past July. At the time, the hash complaint bottomed retired astatine astir 69 (EH/s according to CoinWarz portion mining trouble reached a debased of 13.6 trillion hashes (T).

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A greater hash rate, however, means greater information for the network. The much hash powerfulness the web uses, the much distributed the enactment is for each transaction that takes spot on-chain. This dilemma betwixt miners and securing the web and deriving capable profits is apt to proceed to play retired arsenic they find the feasibility of their existent operations.