Bitcoin’s hashrate has risen dramatically, even after the price of the main crypto asset slipped below the $ 50,000 price zone. Eight days ago, the network hashrate was 168 exahash per second (EH / s), and last week it increased 7.73% to reach 181 EH / s today.
Bitcoin’s Hashrate Climbs Higher Following Difficulty Decrease
Following the price drop under the $50K zone, Bitcoin’s (BTC) hashrate remains strong and has increased more than 7% higher during the last week. At the time of writing, BTC’s hashrate on Sunday is 181.59 EH/s as the network’s processing power has been reaching daily highs.
Three-month statistics show that BTC’s hash power hit 190 EH / s on Friday, December 3. The measurements show that the network hash rate hit an all-time high on May 9, 2021 at 191.42 PE / s. One of the reasons the hashrate remains high despite the recent price drop is that the network’s mining difficulty decreased during the last difficulty change on November 28.
The change that day saw BTC’s first mining difficulty decrease since July 17. The difficulty dropped seven days ago making it 1.49% less difficult to mine BTC. The current difficulty is 22.34 trillion and at the current rate of processing power, the next difficulty is estimated to increase 1.17% to a possible 22.6 trillion.
Almost 20 Stealth Miner Exahashs consume a large number of blocks for 50 consecutive days
There are only 13 known pools dedicating SHA256 hash power to the Bitcoin blockchain and one unknown hash, also known as stealth miners, controls 11.75% (19.84 EH / s) of the power of network hash.
Bitmain’s Antpool is the largest miner in terms of network hashpower today with 17.94% (30.28 EH/s) of the hashrate. The second-largest mining pool on December 5 is Foundry USA with 16.49% or 27.84 EH/s of hashpower. Just above Foundry USA is F2pool, which commands 13.20% of hashrate or 22.27 EH/s.
Between mid-October and so far there has been a huge amount of hashrate or unknown stealth miners on the network. For 50 consecutive days, the unknown hashrate consumed a large number of BTC blocks.
Since 2009 stealth miners have found 226,000 BTC block rewards and during the last six months 1,957 blocks were discovered by unknown hashrate.
Hashpower which originates from many parts of the world, mainly comes from countries such as United States, Kazakhstan, Russian Federation, Canada, Ireland, Malaysia, Germany and Iran.
