1 year ago
Recent data, analyzing the seven-day mean of Bitcoin’s hashrate, reveals yet different beingness highest successful the network’s performance. On Dec. 20, 2023, Bitcoin’s hashrate climbed to an unprecedented high. The seven-day elemental moving mean (SMA) indicates that the hashrate deed 527 exahash per 2nd (EH/s), surpassing the erstwhile precocious of 507 EH/s recorded connected Dec. 16.
Bitcoin Miners Reap Record Rewards arsenic Hashrate Skyrockets to 527 EH/s
On Wednesday, Dec. 20, 2023, Bitcoin’s full hashrate soared to a caller record, arsenic reported by Luxor’s hashrateindex.com seven-day SMA. The hashrate presently stands astatine 527 EH/s, surpassing fractional a zettahash per 2nd (ZH/s), which translates to 527 quintillion hashes each second. Over the past 90 days, the mean hashrate hovered astir 462 EH/s, with the astir caller 2,016 blocks showing an mean of 496.8 EH/s.
Luxor’s information besides reveals that the three-day SMA saw the hashrate highest astatine 539 EH/s connected Wednesday. With artifact times presently ranging betwixt 8 minutes and 47 seconds to 9 minutes and 31 seconds, the processing is faster than the modular 10-minute average. This summation successful hashrate is contributing to shorter artifact intervals and is apt to pb to a emergence successful mining difficulty, with projections indicating a 3.11% to 5.2% increase. The adjacent accommodation successful Bitcoin’s trouble is acceptable for Dec. 23, 2023.
At present, astir 49 mining pools are contributing to the BTC chain, with Foundry USA starring implicit the past 3 days. Overtaking Antpool, Foundry USA present boasts 164.24 EH/s, accounting for 31.76% of the full hashrate. Meanwhile, Antpool, antecedently the person successful hashrate, present holds 126.51 EH/s, oregon 24.46% of the total. Combined, these 2 pools bid implicit 56.22% of Bitcoin’s full hashrate arsenic of Dec. 20, 2023. This December, bitcoin miners person already surpassed erstwhile records successful interest net for the year.
In November, bitcoin (BTC) transaction fees brought successful a grounds $142 million for miners, but December has already seen them cod a important $202 million. Moreover, this month’s full net from artifact subsidies and transportation fees person reached $953 million. High precedence transaction fees stay implicit $15, and determination are presently implicit 300,000 unconfirmed transactions waiting to beryllium processed by miners. To wide the existing mempool backlog, a full of 359 blocks are required.
What bash you deliberation astir the Bitcoin web reaching a beingness highest successful presumption of hashrate? Let america cognize what you deliberation astir this taxable successful the comments conception below.
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