Bitcoin mining difficulty was expected to decrease two days ago on June 8th, but instead increased by 1.29% on Wednesday. On the same day, at a block height of 739,928, Bitcoin’s hash rate tapped the highest ever (ATH) and reached 292.02 Exa Hash (EH / s) per second.
Bitcoin blockchain protected near 30 billion hashes per second
This week, the Bitcoin network has become stronger than ever, as the protocol’s computing power reached its maximum lifespan on Wednesday. In fact, at 292.02 EH / s, the network approached the 300 EH / s region for the first time.
The final hash rate ATH occurred on May 2, 2022 at a Bitcoin block height of 734,577 and reached 275.01 EH / s. The jump to 292.02 EH / s 37 days later was about 6.18% higher than the May 2 ATH. Wednesday’s ATH was only 2.73% away from reaching the range of 300 EH / s or 0.3 Zetta Hash / sec (ZH / s).
The Difficulty Adjustment Algorithm (DAA), which was expected to decrease, increased by 1.29% instead because the hash rate is running so high. Three days ago, on June 7, the difficulty was expected to decrease by 0.51%.
Despite the 1.29% increase, the difficulty is still lower than the 31.25 trillion ATH recorded on May 10, 2022. Network difficulty is currently 30.28 trillion and is expected to remain in that metric until the retargeting date of June 21st. About 10 days from now, or about 1,600 blocks away until the next DAA change.
On Wednesday, 292 Exa Hashes per second devoted 29.2 billion hashes per second (H / s) to the security of the Bitcoin blockchain. Foundry USA was the top mining pool at 5242 billion H / s or 52.42 EH / s, according to three-day statistics.
The foundry has discovered a 109 Bitcoin block reward from 475 blocks mined in the last 72 hours. The hash rate of Antpool has been around 35.11 EH / s or 35 trillion 110 trillion H / s. Antpool detected 73 of the 475 blocks found, F2pool captured 32.EH / s, and detected 67 blocks in the last 3 days.
The speed of the current hash rate and the rate it takes to mine the next 1,600 blocks will determine the next difficulty change. Currently, using today’s indicators, the difficulty is expected to increase by 1.52% from the current position, but that estimate is subject to change.
What do you think about Bitcoin’s hash rate of 292 Exa Hashes per second, the highest ever? Please tell us what you think about this subject in the comments section below.
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