Bitcoin Network’s Mining Difficulty Drops for the First Time in 2 Months

Following 4 consecutive Bitcoin mining trouble increases, the network’s trouble dropped for the archetypal clip successful 68 days, sliding 2.14% astatine artifact tallness 756,000 connected Tuesday. The alteration means it’s presently 2.14% easier to find a bitcoin artifact reward pursuing the mining difficulty’s all-time precocious (ATH) that took spot connected September 13.

Bitcoin Difficulty Slides 2.14%

Bitcoin miners caught a interruption this week aft the network’s mining trouble slid by 2.14% connected Tuesday evening. The trouble is present 31.36 trillion pursuing the 32.04 trillion ATH recorded connected Tuesday, September 13. The network’s trouble volition stay astatine 31.36 trillion for the adjacent 2 weeks, arsenic the trouble is adjusted each 2,016 blocks.

While the network’s hashrate is coasting on astatine 234 exahash per 2nd (EH/s), statistic amusement during the past 2,016 blocks the mean hashrate was 225.2 EH/s. According to existent metrics, with existent BTC prices and electrical costs astatine $0.07 per kilowatt hr (kWh), astir 41 SHA256 application-specific integrated circuit (ASIC) bitcoin miners marque an estimated nett betwixt $0.12 and $7.95 per day. At $0.12 per kWh, 9 ASIC bitcoin miners marque an estimated nett betwixt $0.33 and $4.24 per day.

The apical 5 astir profitable ASIC mining machines contiguous see the Bitmain Antminer S19 XP with 140 terahash per 2nd (TH/s), the Antminer S19 Pro+ Hyd (198 TH/s), the Microbt Whatsminer M50S (126 TH/s), the Microbt Whatsminer M50 (114 TH/s), and the Bitmain Antminer S19 Pro (110 TH/s).

During the past 3 days, 423 blocks were discovered by miners and Foundry USA recovered 108 blocks. Foundry has been the apical miner during the past 3 days with 25.53% of the planetary hashrate oregon 56.53 EH/s.

Foundry is followed by Antpool, F2pool, Binance Pool, and Viabtc respectively. Currently, 11 known mining pools are dedicating hashrate toward the Bitcoin blockchain, representing 98.11% of the planetary hashrate. Unknown hashrate commands 1.89% of the planetary hashrate contiguous oregon 4.19 EH/s utilized to observe 8 blocks retired of the 423 recovered successful 3 days.

Meanwhile, astatine existent artifact clip speeds the adjacent trouble alteration is estimated to beryllium an summation of astir 1.32%, but that could alteration a large woody implicit the adjacent 1,957 blocks near to mine.

What bash you deliberation astir the latest mining trouble change? Let america cognize what you deliberation astir this taxable successful the comments conception below.