Bitcoin Network Experiences Slight Dip in Difficulty After Record High

Bitcoin’s trouble decreased 0.49% connected Feb. 12, 2023, pursuing a sustained all-time precocious of 39.35 trillion implicit the erstwhile 2 weeks (2,016 blocks). The alteration successful trouble offers a little respite for bitcoin miners, aft the web recorded a 14.94% summation successful the past month.

Bitcoin Difficulty Drops 0.49% Lower; Top Five Mining Pools Continue to Command Majority of Global Hashrate

At the clip of writing, Bitcoin’s hashrate is coasting on astatine 289.14 exahash per 2nd (EH/s) aft a 0.49% decrease successful trouble astatine artifact tallness 776,160. The web trouble has been operating astatine astir 39,350,942,467,772 hashes for the past 2,016 blocks, oregon 2 weeks. With the caller 0.49% alteration successful difficulty, the network’s trouble volition present beryllium acceptable astatine 39.16 trillion hashes for the adjacent 2 weeks.

Bitcoin’s trouble changed connected Feb. 12, 2023, astatine artifact tallness 776,160. The downward driblet occurred astatine 7:52 a.m. (UTC).

Since the latest trouble change, artifact times — the intervals betwixt mined blocks — person been 10 minutes, 7 seconds to astir 11 minutes, 14 seconds successful length. Bitcoin’s adjacent trouble retarget is scheduled for astir Feb. 26, 2023. The mean hashrate implicit the past 2,016 blocks was astir 280.6 exahash per 2nd (EH/s), and the mean artifact clip for those blocks was 10 minutes, 2 seconds.

During the past three days, Foundry USA has been the apical mining excavation with 33.26% of the planetary hashrate, oregon astir 95.89 exahash per 2nd (EH/s) of hashpower. Foundry is followed by Antpool with 15.97% of the planetary hashrate and Binance Pool with 15.54% of computational power. F2pool (14.22%) and Viabtc (9.41%) are next, respectively. There are astir 12 known mining pools today, and the apical 5 power 88.4% of the planetary hashrate.

Three-day bitcoin mining excavation hashrate organisation connected Feb. 12, 2023.

According to macromicro.me statistics, the outgo of producing bitcoin (BTC) remains higher than its existent spot marketplace value. Macromicro.me calculates its estimates based connected information connected energy depletion and regular bitcoin issuance provided by Cambridge University. Currently, the mean outgo of mining a azygous bitcoin is astir $24,119, portion its spot marketplace worth is astir $21,901 per unit.

What interaction volition the caller alteration successful trouble person connected the aboriginal of Bitcoin mining and the organisation of hashpower among mining pools implicit the adjacent 2 weeks? Share your thoughts successful the comments below.

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