cc.Link
  • Home
  • News
  • NFT
  • Videos/Tips
  • Mining
    • How to Mine Bitcoin
    • Top Mining Software
    • Mining Articles
  • Tools
    • Live Crypto
    • Free Wallet
  • Live
  • Marketplace
  • Contact us
No Result
View All Result
cc.Link
  • Home
  • News
  • NFT
  • Videos/Tips
  • Mining
    • How to Mine Bitcoin
    • Top Mining Software
    • Mining Articles
  • Tools
    • Live Crypto
    • Free Wallet
  • Live
  • Marketplace
  • Contact us
No Result
View All Result
cc.Link
No Result
View All Result
Home Mining

As Bitcoin’s Hashrate Remains Elevated, BTC’s Mining Difficulty Expected to Reach a Lifetime High

ccLink by ccLink
March 30, 2022
in Mining
0
As Bitcoin’s Hashrate Remains Elevated, BTC’s Mining Difficulty Expected to Reach a Lifetime High
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

During the last month, Bitcoin’s hashrate has been coasting along above the 200 exahash per second (EH/s) zone, minus a number of drops here and there above and below that range. Following two difficulty changes that saw the difficulty decrease by 1.84%, the network’s difficulty is expected to increase 4.24% within the next 13 hours.

Bitcoin’s Difficulty Expected to Reach All-Time High

Bitcoin miners caught two breaks during the last month when the difficulty dropped two times in a row. The first 1.49% drop occurred at block height 725,760 on March 3, 2022, and the second decrease was a 0.35% drop, which occurred at block height 727,776 on March 17, 2022.

Related articles

BTC vs BTC miners: H.C. Wainwright analyst picks a side

BTC vs BTC miners: H.C. Wainwright analyst picks a side

February 8, 2023
How Bitcoin Ordinals Can Change The Future Of Mining

How Bitcoin Ordinals Can Change The Future Of Mining

February 7, 2023

The two consecutive drops made it 1.84% easier for all the mining participants to find BTC blocks. While the difficulty was 27.97 trillion prior to the two reductions, the current difficulty is 27.45 trillion on Wednesday morning at 8: 00 a.m. (ET). Within the next 13 hours, the difficulty is expected to increase this time around, jumping 4.24% higher if current estimations are correct.

Bitcoin’s mining difficulty is expected to increase by 4.24% on March 30, 2022, in roughly 13 hours.

With an expected 4.24% difficulty increase taking place, Bitcoin’s network difficulty will break records by reaching an all-time high (ATH). If the difficulty increases 4.24%, then the difficulty will be 28.62 trillion for the next two weeks that follow. Miners will deal with the hardest difficulty parameter they have ever dealt with in their mining careers.

Bitcoin’s network hashrate is coasting along at 204.27 EH/s on March 30, 2022.

Moreover, the difficulty changes that have taken place since January 1, 2020, after block height 610,848, moved at the fastest pace in the network’s lifetime. For instance, it took 4,015 days to get to a difficulty rating of 13.80 trillion, or over ten years. From that point after block height 610,848, with a difficulty rating of 13.80 trillion, it took only 820 days or just over two years to reach the current 27.45 trillion.

At the time of writing, the network’s hashrate is coasting along at 204.27 EH/s and has remained high during the last two weeks. While the hashrate has been fluctuating it has tapped a low of 153.97 EH/s on March 6, and a high of 246.88 EH/s on March 22. At the same time, the top mining pool on Wednesday is Foundry USA with 17.54% of the global hashrate. Foundry USA has 35.88 EH/s of hashpower and has found 77 blocks during the last three days.

In terms of global hashrate positions, Foundry USA is followed by Antpool, Binance Pool, Poolin, and F2pool, respectively. Over the last 30 days, Foundry USA and Antpool have been the top two mining pools finding the most blocks (1,480 blocks combined) last month. It will be interesting to see how the mining pools deal with the upcoming difficulty ATH. Observers will be watching to see how bitcoin miners and the hashrate react to the epoch difficulty change.

Tags in this story

200 exahash, All time high, Antpool, Bitcoin mining, Bitcoin Mining Difficulty, difficulty all-time high, difficulty change, Difficulty Changes, Exahash, Foundry USA, Global Hashrate, Hashpower, Hashrate, Mining BTC, Mining Difficulty, Mining Pools

What do you think about the network’s upcoming difficulty change? Let us know what you think about this subject in the comments section below.

Jamie Redman

Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

View Source

Did you like this post? Consider donating to us.

[crypto-donation-box]

Tags: Bitcoin’sHashratenft
Share76Tweet47

Related Posts

BTC vs BTC miners: H.C. Wainwright analyst picks a side

BTC vs BTC miners: H.C. Wainwright analyst picks a side

by ccLink
February 8, 2023
0

H.C. Wainwright analyst says mining stocks are better pick than BTC. Mike Colonnese explained his view in a research note...

How Bitcoin Ordinals Can Change The Future Of Mining

How Bitcoin Ordinals Can Change The Future Of Mining

by ccLink
February 7, 2023
0

This is an opinion editorial by Zack Voell, a bitcoin mining and markets researcher.A specter is haunting the Bitcoin blockchain:...

Marathon Digital produced a record number of bitcoin in January

Marathon Digital produced a record number of bitcoin in January

by ccLink
February 6, 2023
0

Marathon reports a 45% sequential increase in its monthly BTC production. The digital asset technology company also sold 1,500 bitcoin...

Reduced To Penny Stocks In 2022, Public Bitcoin Miners Are Primed To Come Back

Reduced To Penny Stocks In 2022, Public Bitcoin Miners Are Primed To Come Back

by ccLink
February 6, 2023
0

2022 was arguably the worst year on record for bitcoin mining. Every market suffered from the consequences of unprecedented recklessness...

NEO Crypto Miner Offers a Powerful and Low-emission Solution to Change Mining in PoS Era

NEO Crypto Miner Offers a Powerful and Low-emission Solution to Change Mining in PoS Era

by ccLink
February 4, 2023
0

The world of crypto mining is constantly evolving, with new and more efficient miners being released regularly. One of the...

Load More
  • Trending
  • Comments
  • Latest

Bed Bath & Beyond: A Retail Revolution in Home Essentials!

February 2, 2023
Crypto exchange Gate.io to provide Pyth Network with price data

Crypto exchange Gate.io to provide Pyth Network with price data

November 25, 2021
Celsius Network Raises $400M Led by Canada’s 2nd Largest Pension Fund to Reassure Regulators

Celsius Network Raises $400M Led by Canada’s 2nd Largest Pension Fund to Reassure Regulators

November 20, 2021
You Are The Carbon They Want To Reduce

You Are The Carbon They Want To Reduce

April 11, 2022
AMC CEO Proudly Declares That the Company Now Accepts Various Cryptocurrencies as Online Payment

AMC CEO Proudly Declares That the Company Now Accepts Various Cryptocurrencies as Online Payment

0
New york city’s Incoming Mayor Wants to Be Paid in Bitcoin (At Least Temporarily)

New york city’s Incoming Mayor Wants to Be Paid in Bitcoin (At Least Temporarily)

0
International Money Laundering Watchdog Says Uh, Yeah, Better Regulate Cryptocurrency

International Money Laundering Watchdog Says Uh, Yeah, Better Regulate Cryptocurrency

0
No, Putin Isn’t Embracing Cryptocurrency Just Yet

No, Putin Isn’t Embracing Cryptocurrency Just Yet

0
North Korea Stole Record Amount of Crypto Assets in 2022, UN Report Unveils

North Korea Stole Record Amount of Crypto Assets in 2022, UN Report Unveils

February 8, 2023
BTC vs BTC miners: H.C. Wainwright analyst picks a side

BTC vs BTC miners: H.C. Wainwright analyst picks a side

February 8, 2023
How Bitcoin Ordinals Can Change The Future Of Mining

How Bitcoin Ordinals Can Change The Future Of Mining

February 7, 2023
NounsDAO Announces NFT Comic Book Series

NounsDAO Announces NFT Comic Book Series

February 7, 2023

Join our mailing list

Tags

ADA altcoin altcoin daily altcoins Binance bitcoin bitcoin analysis bitcoin crash bitcoin live bitcoin news bitcoin news today bitcoin prediction bitcoin price bitcoin price prediction bitcoin today Blockchain btc btc news btc price buy bitcoin Cardano Crypto crypto crash Cryptocurrency cryptocurrency news crypto market Crypto Monnaie cryptomonnaie Crypto News crypto news today DEFI Dogecoin ETH Ethereum Finance investing metaverse Money news nft Ripple Shiba inu Solana trading xrp

© 2022 CC.LINK

No Result
View All Result
  • Home
  • News
  • NFT
  • Videos/Tips
  • Mining
    • How to Mine Bitcoin
    • Top Mining Software
    • Mining Articles
  • Tools
    • Live Crypto
    • Free Wallet
  • Live
  • Marketplace
  • Contact us

© 2022 cc.Link.