After reaching an all-time high on June 8, Bitcoin’s hashrate dropped during the recent bitcoin price drop on June 12-13 to a low of 182 exahash per second (EH/s). While bitcoin’s USD value remains under the $23K zone, Bitcoin’s hashrate has managed to climb back above the 200 EH/s region.
Hashrate drops to 182 EH/s but bounces back above 200 EH/s. More than 741 million Bitcoin transactions confirmed
Close to a week ago, Bitcoin’s hashrate tapped an all-time high at 292.02 EH/s at block height 739,928 and since then, it has dropped down to just above the 200 EH/s zone. The hashrate currently is at 232.63EH/s as of Tuesday, June 14th 2022.
For a brief moment during the crypto market carnage on June 12-13, the network’s computational power slipped down to 182 EH/s from 231 EH/s. The hashrate of the network suffered a 21% drop during this period, but it soon recovered.
At current speeds, the network’s mining difficulty is expected to increase by 0.67% to 30.49 trillion. There’s still a whole week left until the difficulty adjustment algorithm (DAA) changes, which means current estimates could shift. The DAA change is expected to happen on or around June 22, 2022, or 1,050 block rewards to go until the shift.
Furthermore, there’s now less than 100K block rewards left to be found until the next halving or approximately 99,214 blocks at the time of writing. After those blocks have been mined, the block subsidy will be increased from 6.25 to 3.125 Bitcoins per block after halving.
Foundry USA, which has found 93 blocks out of 413 discovered in the past three days, is currently the largest bitcoin mining pool with 22.52 percent of global havehrate. Poolin holds 13.80% global hashrate, making it the second-largest pool.
While 12 mining pools currently mine BTC, 0.73% (or 1.62 EH/s) of the global havehrate is being managed by stealth miners. Three blocks have been discovered by unknown miners in the past three days.
The last 30 days have seen miners confirm 7,692,044 BTC transactions. BTC also has 741,438,457 verified transactions. There’s currently 15,679 reachable nodes and 8,290 Tor nodes.
At the time of this writing, miners and other non-mining nodes are required to keep 467.6GB data. At the time of writing, there’s been 19,067,210.93 BTC minted into circulation and there’s 1,932,574.98 that remains left to be discovered by miners.
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