Bitcoin’s hash rate has been steadily rising for the past three months, and the network’s hash power has increased by more than 0% since July 5 when the exx eX per second (EH / sec) decreased. Another increase is expected during the next growing period.
Hashrate continues to rise, Antpool command top position, unknown hashrate returns
The overall Bitcoin (BTC) hashtag has been slowly but steadily rising over the last 90 days. The network’s current processing power is coastal along 130 EH / s, and three months ago the hash power was 40% lower than it is today.
In the last 2 hours, Antpool has been the top mining pool dedicated to hashtags on the BTC network. Entpool F2pool is followed by 23.58 EH / s or 16.2% of BTC’s overall hashrate and pooling 13.2% network or 19.2 EH / s.
Other top pools that offer huge amounts of hashtags on the BTC network include operations such as VybTC, Foundry USA and BTC.com, respectively. Bitcoin.com News reported that while the amount of unknown hashtags disappeared during the last hashtag report, a small portion of stealth mining has recently returned. 1.86 EH / s or 1.28% of the global hashrate currently belongs to an unknown mining company.
The difficulty of bitcoin mining is expected to increase for the sixth time in a row
As BTC’s hash rate has increased and mining pools have become chaotic around, it is expected that the difficulty of mining in the network will increase for the sixth time in a row. At the time of writing, it could rise 2.99% to 19.57 trillion, reaching close to the 20 trillion mark. Currently, BTC’s mining difficulty is 19.00 trillion. The 2.99% increase means Bitcoin will be 37% more difficult to dig than it was on July 30th.
The impending increase is similar to the size of the difficulty increase two weeks ago which was about 3.16%. The biggest jump in the series of hurdle increases was August 25, at a block height of 697,536, while the hurdle jumped about 13.24%. Five consecutive difficulty adjustment algorithms run continuously after the mining difficulty decreases.
What do you think about the increase in bitcoin hashtags and upcoming mining difficulties this week? Let us know what you think about this in the comments section below.
Image credit: Shutterstock, Pixabay, WikiCommons, btc.com,
Denial: This article is for informational purposes only. It is not a direct offer or request for a purchase or sale offer, nor is it a recommendation or approval of a product, service or company. Bitcoin.com does not provide investment, tax, legal, or accounting advice. The Company or the Author is not directly or indirectly responsible for any loss or damage caused by or in connection with the use or reliance on any content, product or service referred to in this article.