New record for bitcoin hashrate during halving
yesterday, the day of the third half, one happened new absolute record for the Bitcoin hashrate.
Indeed second bitinfocharts.com have passed for the first time i 137 Ehash / s, beat the previous record March 5.
However, not everyone agrees with this data, which for all intents and purposes, these are only estimates. For example second Blockchair yesterday’s hashrate would have stopped at around 121 Ehash / s, compared to 122 on May 8 and 123 on March 8.
Data relating to block time however, it would seem to confirm that yesterday there may have been a significant hash peak, given that an average of 8,471 minutes was enough to undermine a blockade, compared to 8,623 on March 4. However, March 1 was even lower, at 8.163, but the difficulty was then less.
Yesterday, however, the difficulty was almost at its highest level, which occurred between March 10 and March 25, 2020.
Such a low blocking time with such high difficulty suggests that yesterday there may have been a hash record, according to Bitinfocharts estimates.
Bitcoin hashrate after halving
Today, block time has already risen to 9,172, possibly due to a drop in the hashrate. It is indeed possible that after halving some miners shut down the least efficient machines or moved them to another blockchain, reducing the total computing power available for bitcoin mining.
Despite this, the blocking time has not soared, still being on average less than 10 minutes, but it is possible that it will increase again in the next few hours, or in the next few days.
There were those waiting for a 30% collapse hash after halving, but for the moment this collapse does not seem to have occurred. However, it will take at least a day or two to begin to draw firm conclusions about what is happening in this regard these days.
The next fix update, which is expected to decrease, making mining less difficult and more expensive, should only take place in about 8 or 9 days, so for more than a week, miners will have to continue. to operate with the current very high level of difficulty, namely the second highest ever recorded after that of the two weeks between March 10 and 15.
The profitability of bitcoin mining has dropped sharply today compared to yesterday, from 0.152 USD per day for 1 THash / s to 0.120. However, this level is still significantly higher than the very low level that occurred on March 18, when it fell to 0.069.
If the current level of profitability goes down, a more marked reduction in the hash power is to be expected, at least until the difficulty decreases.
However, this hashing dynamic has no impact on BTC market prices.
The post New record for bitcoin hashrate during halving appeared first on The 100Count.