After bitcoin miners caught a break ten days ago when the difficulty dropped 1.49% lower, the network’s hashrate increased more than 15% since then. Currently, the processing power has been coasting along above the 200 exahash per second (EH/s) zone but another difficulty increase is expected to occur in less than four days.
Bitcoin hashrate rises after difficulty dropped 10 days ago
Bitcoin’s hashrate slipped two weeks ago, on February 27, 2022, to 169 EH/s after hitting an all-time high (249 EH/s) on February 15. Following the decline in processing power, bitcoin miners took a break when the difficulty decreased. for the first time in months.
On March 3, the difficulty dropped 1.49% lower after six consecutive difficulty increases prior. Currently, Bitcoin’s mining difficulty is 27.55 trillion and following the last adjustment, processing power has improved.
Bitcoin’s hashrate is up over 15% since the difficulty change and 29% since the hashrate hit 169 EH/s two weeks ago. Currently, the network processing power is around 218.11 EH/s and over the past ten days it has managed to stay above the 200 EH/s range.
However, the next epoch mining difficulty adjustment is slated to happen in less than four days and its expected to rise 1.03%. If the rise above 1% is takes place, the mining difficulty will change from 27.55 trillion to 27.83 trillion.
Foundry USA continues to hold the lead, stealth mining declines, alt networks drop just below hash rate highs
Three-day hashrate distribution stats show that Foundry USA has been the top miner for the past 72 hours. US mining has 42.42 PE/s dedicated to the Bitcoin blockchain, which equates to 21.19% of the current hashrate.
The second-largest miner in terms of hashrate over the last three days is F2pool with 30.93 EH/s of processing power which represents 15.45% of the global hashrate. At the time of writing, there are 11 known mining pools dedicating SHA256 hashrate toward the BTC chain.
There is 1.33 PE/s or 0.66% of the global hashrate mined by unknown or stealth miners. While the Bitcoin network is once again hitting near-record highs, a few other networks have also been hitting all-time highs.
Monero is coasting along at near all-time highs (ATH) at 2.92 gigahash per second (GH/s) and Ethereum is around 1.04 petahash per second (PH/s). Like Bitcoin, both networks are just below the hashrate ATHs.
