Bitcoin’s processor power has been on an upward trajectory, reaching a new all-time peak (ATH) of 249 exahash/second (EH/s) on February 15, 2022. Following the latest ATH, the network’s mining difficulty increased on Thursday morning (EST), up 4.78% and reaching a value of 27.97 trillion. It has been 6 times since November 28, 2021 that the mining difficulty has been increasing, making it 23.34% more difficult for Bitcoin miners since then to get bitcoin block reward rewards.
Bitcoin hashrate cracks another ATH. Block rewards become much harder to find after difficulty jumps close to 5%
At the time of writing, the Bitcoin network’s hashrate is coasting along at 212.21 EH/s after cracking a new ATH on Tuesday, February 15. According to a report by, the hashrate rose to 249.75 EH/s on that day. coinwarz.com’s six-month statistics. The high ATH has been replaced by the new ATH. RecordedThe hashpower metric had already tapped 246 Exahash Per Second (EH/s), three days before. After the new 249 EH/s high on Thursday, the network’s difficulty increased by 4.78% to another lifetime high.
The mining difficulty is approximately 27.97 trillion at the time of this writing. This will continue for 13 more days. It’s a lot higher than the low difficulty value recorded 215 days (seven months) ago on July 17, 2021. At that time, BTC’s network difficulty was only 13.67 trillion because it experienced four decreases in a row — one of them being the largest decrease in history on July 3, 2021 (-27.94%).
There have been 16 changes to the difficulty adjustment algorithm (DAA), and 15 of those were greater since July 17. In the spread of seven months, there was a 1.49% decrease. This is a jump of 104.60% from the 13.67 trillion to 27.97 trillion in just seven months. Seven months ago, the hashrate was half its current value at 97.87 EH/s.
Although bitcoin miners recorded an additional ATH, Foundry USA has been the most active pool with 15.59% global hashrate (33.62 EH/s) during the past three days. Second-largest miner during the last three days is F2pool with 14.76% of the world’s hashrate and 31.83 EH/s. F2pool is followed by Antpool. Poolin. Binance Pool. Viabtc. Slushpool. Btc.com. SBI Crypto and Luxor.
The BTC chain has 12 entities that dedicate their hashrate, 11 are pools and the rest are unknown. Unknown hashrate and stealth miners currently have the lowest amount of hashrate at 0.83%, which is 1.79 EH/s dedicated SHA256 hashpower.
Global hashrate currently hovers above 200 EH/s. The next DAA epoch, which is expected to arrive in 13 days, will likely see an additional increase. While the estimate could change, right now it’s expected to jump 0.04% from the current 27.97 trillion to 27.98 trillion.
How do you feel about Thursday’s increase in difficulty and hashrate hitting new heights? Comment below to let us know your views on the subject.
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