In the past few weeks, the price of Bitcoin has climbed to astonishing heights, which has greatly promoted the mining industry of this crypto asset. Despite the fact that the mining difficulty of the Bitcoin network has never reached 21.72 trillion USD, the hash rate has climbed to 180 exahash per second (EH/s), and there are 23 mining pools dedicated to the Bitcoin blockchain. Significant hash rate.
180 Exahash and 21.72 trillion difficulties
The value of Bitcoin (BTC) continues to climb, and on Sunday, crypto assets hit a record high. BTC reached a unit price of $58,300 on February 21, and the market valuation of the asset gained a value of $1.09 trillion. With the huge profits of the next generation of mining equipment, the price of BTC has made Bitcoin mining extremely profitable.
For example, the Whatsminer M30S++ produced by Microbt has a transmission speed of 112 teraheras per second (TH/s), which can earn $37 per day. The BTC daily price of the popular Bitmain Antminer S19 Pro (110 TH/s) exceeds 36 USD. This takes advantage of today’s extremely high mining difficulty and electricity price, which is $0.07 per kilowatt hour (kWh). Older generation mining equipment like Bitmain S9s and other 10-14 TH/s machines are also making money.
Today, the difficulty is 21,724,134,900,047 (21.72T). In the entire life cycle of Bitcoin, the high difficulty percentage has never been greater. The next difficulty change is expected to occur within 12 days, and if the hash rate and price remain the same, the mining difficulty may be higher. The difficulty of BTC will jump to $21.94 trillion on or around March 5, 2021, due to the fact that the hash rate of BTC is still high and 180 exahash (EH/s) is stolen every second this week. At the time of publication, the hash rate was approximately 163 EH/s.
Bitcoin mining pool participation rate jumped by 35% in 30 days
The soaring hash rate is due to the addition of new profits from additional mining pools. A few weeks ago, there were 17-18 pools pointing the hash rate to the BTC chain, and now there are 22-23 pools. The number one person in the BTC mining operations business is F2pool because it has been ranked first for several months. This is because F2pool accounts for 18.92% of the total hash rate of the network, and the EH/s dedicated to the BTC blockchain exceeds 28.
Poolin was followed by 15% hash rate and 23 exahash, Btc.com captured 12.1% at 18 EH/s, and Binance Pool captured 11% of hash rate at 17.5 EH/s. Today, the fifth largest BTC mining pool is Antpool, which has 8% of the network hash and 13 EH/s.
Pools such as Viabtc, Huobi, 1thash, Slushpool and Lubian account for 2.4% to 7.4% of the network hash rate, respectively. After these five pools is an unknown operation, namely Btc.top, Spiderpool, Empcdpool and Novablock. All of these are captured at about 1 to 2.4 EH/s, and most of the hash rate belongs to stealth mining operations.
Bitcoin mining has always been full of competition and hardship, but in 2021, obtaining BTC blocks at 6.25 BTC and tethering fees has never been so difficult. However, miners continue to break new hash rate highs, and due to this factor, the difficulty continues to climb.
What do you think about the difficulty of the Bitcoin network to obtain a record high and the challenging mining difficulty is also increasing? Let us know your thoughts on the topic of Bitcoin mining in the comments section below.
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