Bitcoin Mining Issue has reached a record high (ATH). On February 24/23/2023 Block #778,176, achieving 43.05 Trillion hashes and surpassing the 40 Trillion mark for the first time in history. The Network Difficulty rose by 9.95%, which represents the second-largest increase of this year. Bitcoin has registered an overall increase of 24.89% over the last 60 days.
Network Users Encounter Longer Block Periods Following Recent Difficulty Modification
Mining Bitcoin (BTC) has never been more difficult. Miners have experienced a 9.5% difficulty increase at block height #778.176. For the next two weeks, which is roughly 2,016 blocks of time, the difficulty will be 43.05 Trillion. Over the past 2016 blocks, the community’s average hash rate was around 305.8 exhash per minute (EH/s).
The second-largest jump in difficulty was 9.5%, the largest being on January 15, 2023, at block height #772,128. This means that the difficulty is now 10.26% more difficult than the previous difficulty metric. A subsequent difficulty change is planned for about March Block times were longer than the 10-minute average on 9/2023 and currently,
The average block time is longer than the difficulty change on FridayIt took approximately 9 minutes and 11 second. Block instances today take between 12 and 14 minutes. The longer block time shows that miners have been affected by the most recent difficulty change. On Saturday, February 25.23. The global hash rate of the network fluctuates between 294.91 EH/s & 238.44 EH/s.
On SaturdayThe largest mining pool in terms of hash rate production is Foundry USA has 103.18 EH/s, or 34.88% of its total network havehpower. Foundry is followed by Antpool15.81% or 46.77 EH/s is the amount of hash power that this entails. Foundry and Antpool are followed by F2pool, Binance Pool, and Viabtc, respectively. In the last three days, 13 pools were identified and 15.13 EH/s from unknown hash power found 430 blocks.
Focus on the new ATH for the network above the 40 trillion mark Tell us your thoughts on the matter in the comments section below.
