Bitcoin’s Hashrate Hits an All-Time High Nearing 300 Exahash per Second
While Bitcoin’s mining difficulty was expected to decrease two days ago on June 8, instead the difficulty increased by 1.29% on Wednesday. On the same day, at block height 739,928, Bitcoin’s hashrate tapped an all-time high (ATH) reaching 292.02 exahash per second (EH/s).
Bitcoin’s Blockchain Secured by Close to Three Hundred Quintillion Hashes per Second
This week, the Bitcoin network has never been more powerful as the protocol ’ s computational process power reached a life high on Wednesday. In fact, at 292.02 EH/s the network neared the 300 EH/s area for the first gear prison term .
The last hashrate ATH took target on May 2, 2022, at Bitcoin block height 734,577, when it reached 275.01 EH/s. The jumpstart to 292.02 EH/s 37 days late, was approximately 6.18 % higher than the ATH on May 2. The ATH on Wednesday was only 2.73 % away from reaching 300 EH/s or 0.3 zettahash per second ( ZH/s ) range.
The hashrate has been running so high that the trouble adaptation algorithm ( DAA ) that was expected to decrease, increased by 1.29 % alternatively. Three days ago on June 7, the trouble was expected to see a reduction of 0.51 % .
Despite the 1.29 % increase, the difficulty is inactive lower than the ATH of 31.25 trillion recorded on May 10, 2022. The network ’ randomness difficulty is presently at 30.28 trillion and it is expected to remain at that metric until the retarget date on June 21. That ’ s roughly ten days from now or around 1,600 blocks away until the future DAA switch .
At 292 exahash per second, two hundred ninety-two quintillion hashes per second ( H/s ) were dedicated to the Bitcoin blockchain ’ s security on Wednesday. Three-day statistics show that Foundry USA has been the clear mine pool, with fifty-two quintillion four hundred twenty quadrillion H/s or 52.42 EH/s .
Foundry has discovered 109 Bitcoin block rewards out of the 475 blocks mined during the final 72 hours. Antpool ’ south hashrate has hovered around 35.11 EH/s or thirty-five quintillion one hundred ten quadrillion H/s. Antpool found 73 blocks out of the 475 blocks found and F2pool captured 32.EH/s and discovered 67 blocks over the last three days .
current hashrate speeds and the rate it takes to mine the following 1,600 blocks will determine the adjacent difficulty transfer. Currently, using today ’ s metrics, the difficulty is expected to increase by 1.52 % from the stream put, but that estimate is likely to change.
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Jamie Redman is the News Lead at Bitcoin.com News and a fiscal technical school diarist know in Florida. Redman has been an active penis of the cryptocurrency community since 2011. He has a rage for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News about the disruptive protocols emerging today.
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