Bitcoin Network’s Mining Difficulty Drops for the First Time in 2 Months – Mining Bitcoin News

Following four consecutive Bitcoin mining difficulty increases, the network’s difficulty dropped for the first time in 68 days, sliding 2.14% at block height 756,000 on Tuesday. The change means it’s currently 2.14% easier to find a bitcoin block reward following the mining difficulty’s all-time high (ATH) that took place on September 13.

Bitcoin Difficulty Slides 2.144%

Bitcoin miners caught a break this week after the network’s mining difficulty slid by 2.14% on Tuesday evening. Following Tuesday’s recording of 32.04 Trillion ATH on September 13, the difficulty has risen to 31.36 T. The network’s difficulty will remain at 31.36 trillion for the next two weeks, as the difficulty is adjusted every 2,016 blocks.

While the network’s hashrate is coasting along at 234 exahash per second (EH/s), statistics show during the last 2,016 blocks the average hashrate was 225.2 EH/s. Based on current data, 41 ASIC (SHA256) bitcoin miners are making an estimated profit of between $0.12 and $7.95 per hour at current BTC prices. Nine ASIC bitcoin miners earn an average profit of $0.33 to $4.24 per hour at $0.12 per kWh.

Today’s top ASIC mining machines are the Bitmain Antminer S19XP (140 terahash/s), Antminer S19Pro+ Hyd (219 TH/s), Antminer S19+ (198 TH/s), Antminer S19Pro+ (198 TH/s), Microbt Howsminer S50S (126) TH/s), Microbt Butsminer S50 (114TH/s), Bitmain Antminer S19Pro (110TH/s) and Bitmain Antminer S19Pro (110TH/s).

Foundry USA was able to find 108 blocks while miners discovered 423 blocks over the three-day period. The top three-day miner was Foundry with 25.53% global hashrate (56.53 EH/s).

Foundry follows Antpool, F2pool and Binance Pool respectively. There are currently 11 mining pools that dedicate hashrate to the Bitcoin blockchain. This represents 98.11% global hashrate. The unknown hashrate currently commands 1.89% or 4.19 EH/s. It was used to find eight blocks of 423 that were discovered in just three days.

At current block speeds, the next difficulty increase is about 1.32%. But that can change dramatically over the 1,957 blocks remaining to mine.

Let us know your thoughts on the recent mining difficulty change. Comment below and let us know how you feel about the subject.

Jamie Redman

Jamie Redman is the News Lead for Bitcoin.com News. He also lives in Florida and works as a journalist covering financial technology. Redman joined the cryptocurrency community in 2011 and has been actively involved since then. Redman is passionate about Bitcoin and open-source codes. Redman is a prolific writer for Bitcoin.com News, with over 6,000 articles on disruptive protocols.