After hitting an all-time high on June 8, the hash rate of bitcoin fell to a low of 182 exhash per second (EH/s) during the recent bitcoin price crash on June 12-13. While the USD price of Bitcoin is under the $23K area, the hash rate of Bitcoin has managed to climb above the 200 EH/s area.
Hashrate drops to 182 EH/s and bounces back above 200 EH/s, with over 741 million bitcoin transactions confirmed
About a week ago, bitcoin’s hash rate hit an all-time high of 292.02 EH/s at block high 739,928 and since then, it has fallen just above the 200 EH/s area. Currently, the hash rate is coasting at 232.63 EH/s on Tuesday, June 14, 2022.
For a brief moment during the crypto market carnage on June 12-13, the computational power of the network dropped from 231 EH/s to 182 EH/s. During that period, the network saw a 21% decrease in hash rate, but quickly rebounded.
At the current pace, the mining difficulty of the network is expected to increase by 0.67% to 30.49 trillion. There is still a full week left until the Difficulty Adjustment Algorithm (DAA) changes, which means that current estimates are subject to change. The DAA change is expected on or around June 22, 2022, or until the shift is expected to result in 1,050 block rewards.
Furthermore, there are now less than 100K block rewards yet to be received until the next halving or about 99,214 blocks at the time of writing. The block subsidy will change when those blocks are mined from 6.25 bitcoins per block to 3.125 bitcoins per block post halving.
Foundry USA is today the top bitcoin mining pool with 22.52% of the global hash rate, after having found 93 out of 413 blocks discovered during the past three days. Poolin is the second largest mining pool, with 13.80% of the global hash rate.
Twelve known mining pools are currently mining BTC, while 0.73% of the global hash rate or 1.62 EH/s is operated by stealth miners. Unknown miners have found three out of 413 blocks in the last three days.
In the past 30 days, miners have confirmed 7,692,044 BTC transactions and BTC has confirmed 741,438,457 transactions in its lifetime. There are currently 15,679 reachable nodes and 8,290 Tor nodes.
Miners and non-mining nodes securing the BTC blockchain must store 467.6 GB of data at the time of writing. At the time of writing, 19,067,210.93 BTC have been mined in circulation and 1,932,574.98 are yet to be discovered by miners.
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