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Bitcoin Hashrate Briefly Slips Below 200 EH/S During Market Rout, Less Than 100K Blocks Left Until the Halving

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After hitting an all-time high on June 8, Bitcoin’s hash rate dropped during the recent June 12-13 bitcoin price crash to a low of 182 exahashes per second (EH/s). While the USD value of bitcoin remains below the $23,000 zone, bitcoin hashrate has managed to rise above the 200 EH/s area.

Hashrate drops to 182 EH/s and rises above 200 EH/s again, over 741 million bitcoin transactions confirmed

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About a week ago, Bitcoin’s hashrate hit an all-time high of 292.02 EH/s with a block height of 739,928 and has since fallen just above the 200 EH/s zone. The hashrate is currently at 232.63 EH/s on Tuesday 14 June 2022.

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For a short time during the cryptocurrency market massacre on June 12-13, the network computing power dropped to 182 EG/s from 231 EG/s. The network lost 21% of the hashrate during this time period, but quickly recovered.

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Bitcoin Hash Rate Briefly Drops Below 200 EH/S During Market Drop, Less Than 100K Blocks Left Before Halving

At current speeds, the difficulty of mining on the network is expected to increase by 0.67% to 30.49 trillion. There is still a whole week left before the DAA changes, which means that the current scores may change. The DAA change is expected to occur around June 22, 2022, or around 1,050 block rewards prior to the transition.

Additionally, there are now less than 100,000 block rewards left before the next halving, or approximately 99,214 blocks at the time of writing. The block subsidy will change after these blocks are mined, from 6.25 bitcoins per block to 3.125 bitcoins per block after the halving.

Foundry USA is currently the leading bitcoin mining pool to date with 22.52% of the global hashrate after having mined 93 of the 413 blocks discovered in the last three days. Poolin is the second largest mining pool with 13.80% of the global hashrate.

12 well-known mining pools are currently mining BTC while 0.73% of the global hashrate or 1.62 EH/s comes from stealth miners. Over the past three days, unknown miners have found three blocks out of 413.

Over the past 30 days, miners have confirmed 7,692,044 BTC transactions and BTC during its existence, 741,438,457 transactions were confirmed. There are currently 15,679 Tor nodes and 8,290 Tor nodes available.

Miners and non-mining nodes that protect BTC The blockchain is supposed to store 467.6 GB of data at the time of writing. At the time of writing it was 19,067,210.93 BTC minted into circulation and there are 1,932,574.98 coins left to be discovered by miners.

What do you think about the current state of the Bitcoin network hashrate and mining pools? Let us know what you think about it in the comments section below.



Credit : news.bitcoin.com

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