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Bitcoin’s Hashrate Hits an All-Time High Nearing 300 Exahash per Second – Mining Bitcoin News

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.

Bitcoin's Hashrate Hits an All-Time High Nearing 300 Exahash per Second
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.

What do you think about Bitcoin’s hashrate hitting an all-time high at 292 exahash per second? Let us know what you think about this subject in the comments section below.

Jamie Redman

Jamie Redman is the News Lead at 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 News about the disruptive protocols emerging today.

Image Credits : Shutterstock, Pixabay, Wiki Commons

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