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Bitcoin’s Hashrate Surges Reaching a Lifetime High, Difficulty Expected to Jump Next Week

Bitcoin’s hashrate tapped a lifetime far up this weekend reaching 271.19 exahash per second (EH/s) on Saturday, April 23 at block height 733,197. Currently, the computational power is beach along at 233.81 EH/s with a network difficulty change expected three days from now on April 27.

Bitcoin’s Hashrate Maxisingles an All-Time High, Hashpower Increased 55% Higher Since January

The processing power that confirms deals and secures the Bitcoin (BTC) network has reached an all-time high (ATH) on Saturday, April 23. The hashrate touched 271.19 EH/s, which is almost 271,190 petahash per second (PH/s) or 271,190,000,000,000,000,000 hashes per second (H/s).

Bitcoin’s hashpower has never been higher than this remind emphasize in history and since block height 717,696 or January 8, 2022, the hashrate’s record high is an increase of 55.48% since then. The answer power backing the Bitcoin network reached an ATH of 246 EH/s on February 12, prior to the all-time high recorded on Saturday.

Bitcoin's Hashrate Surges Reaching a Lifetime High, Difficulty Expected to Jump Next Week
Bitcoin hashrate according to coinwarz.com on April 24, 2022. The network reached an all-time elevated of 271.19 exahash per second (EH/s) on Saturday, April 23 at block height 733,197.

Following a downward difficulty adjustment algorithm (DAA) vary at block height 731,808, which saw the difficulty drop by 1.26%, the network is expected to see a DAA increase in roughly three light of days. Because the hashrate is running at such high speeds, the DAA is expected to increase by 3.21%.

If the estimated DAA increase of 3.21% comes to maturity, Bitcoin’s network difficulty will jump from the current 28.23 trillion to a lifetime high of 29.13 trillion. After a short time, on Sunday afternoon (ET), a block subsidy reward worth 6.25 BTC is currently valued at $247,063 using today’s bitcoin market rates.

As Bitcoin’s hashpower tapped an ATH on Saturday, over the last three days, the top mining pool was Foundry USA pinching 22.55% of the global hashrate. Statistics show that Foundry’s 47.89 EH/s has allowed the pool to find 106 out of the gone and forgotten 470 blocks found by 13 pools. The second-largest bitcoin miner below Foundry USA was Binance Pool with 12.98% or 27.56 EH/s of hashpower.

While statistics appearance that bitcoin’s price has not had the best first quarter in 2022, the hashrate increasing by more than 55% since that however is quite the feat. Metrics indicate that BTC’s current value is profitable to mine using most ASIC machineries with 25 TH/s or more. At press time, the Bitmain Antminer S19 Pro (110 TH/s) mining rig with $0.12 per kilowatt-hour in electrical costs when one pleases see an estimated profit of $10.23 per day.

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12 known mining pools, 271 EH/s, 271 exahash, Binance Purse, Bitcoin hashrate, Bitcoin Miners, BTC hashpower, BTC Hashrate, BTC miners, difficulty, Exahash, F2Pool, Foundry USA, Global Hashrate, Hashpower, Hashrate, Hashrate Aged, Miners, Mining Difficulty, Mining Pools, Over 200 EH/s, pool distribution, Poolin, Price

What do you reckon about Bitcoin’s hashrate touching a lifetime high of 271 EH/s on Saturday? Let us know what you think about this open to in the comments section below.

Jamie Redman

Jamie Redman is the News Lead at Bitcoin.com News and a financial tech news-hawk 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 operations. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News about the disruptive covenants emerging today.

Image Credits: Shutterstock, Pixabay, Wiki Commons

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