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After four consecutive Bitcoin mining difficulty rises, the difficulty of the network dropped for the first-time in 68 days. It fell 2.14% to block height 756,000 on Tuesday. It’s now 2.14% easier for a bitcoin block reward to be found after the all-time mining difficulty high (ATH), which occurred on September 13.

After the mining difficulty of Bitcoin dropped by 2.14% Tuesday evening, Bitcoin miners got a little relief. After Tuesday’s 32.04 trillion ATH, the difficulty now stands at 31.36 trillion. For the next two weeks, the network’s difficulty will remain the same at 31.36 trillion. The difficulty is adjusted every 2,016 block.

Bitcoins current hash rate is 234 EH/s

The network’s hashrate is steady at 234 exahash per seconds (EH/s), but statistics show that the average hashrate during the last 2,016 block was 225.2 EH/s. 

Current metrics show that with current BTC price and electricity costs of $0.07 per Kilowatt hour (kWh), approximately 41 SHA256 ASIC (application-specific integrated circuit) bitcoin miners earn an estimated profit of $0.12 to $7.95 per daily. Nine ASIC bitcoin miners earn an estimated profit of $0.33 to $4.24 per kWh at $0.12 per kWh.

The Top Five Most Profitable ASIC Mining Machines Today are the Bitmain Antminer S19XP with 140 Terahash Per Second (TH/s), Antminer S19Pro+ Hyd (198 T/s), Antminer S19+ (198 T/s), Antminer S19Pro+ Hyd (112 TH/s), Microbt Howsminer S50 (126 TH/s), Microbt Whichsminer S50 (114 TH/s) and Bitmain Antminer S19Pro (110 TH/s

Foundry USA discovered 108 blocks and 423 blocks by miners during the last three days. Foundry was the top miner with 25.53% or 56.53 EH/s of global hashrate during the past three days.

Foundry is followed closely by Antpool and F2pool as well as Binance Pool and Viabtc. There are currently 11 mining pools that dedicate hashrate to the Bitcoin blockchain. 

This represents 98.11% global hashrate. Unknown hashrate currently commands 1.89% or 4.19 EH/s. It was used to discover eight blocks of the 423 discovered in three days.

At the moment, the next difficulty change at block speed is approximately 1.32%. However, this could change significantly over the remaining 1,957 blocks.

The post Mining Difficulty For Bitcoin Drops 2.1% After 6 Weeks first appeared on The Daily Encrypt.


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Angie Byrd