Mining Difficulty Increases 6.81%, Bitcoin Hashrate Reaches Record High

Bitcoin's hashrate reached an all-time high of 883 exahashes per second (EH/s) on April 5, 21 EH/s higher than the previous record set on March 28.

Bitcoin Miners Expand Horizons as Difficulty Reaches 121.51 Trillion and Hashrate Peak

At the time of writing, the Bitcoin network’s computing power is hovering at 876.24 EH/s, slightly below its recent peak. This record hashrate comes amid a 6.81% increase in mining difficulty, creating new challenges for miners looking to confirm new blocks. The current spot price per hash — the expected daily return on 1 petahash per second (PH/s) of SHA256 hashing power — is $46.16 per PH/s. The price per hash has fallen 11.15% since March 5.

At this rate, the network would need to add just 117 EH/s to break the 1 zettahash per second (ZH/s) threshold, which is expected to be reached by 2025. Currently, 883 EH/s is equivalent to 883 quintillion hashes per second (H/s), or 0.883 ZH/s. This record level of computing power coincides with a slowdown in transaction activity, as recent blocks remain largely unmined. Of all the blocks mined in the last 24 hours, less than 1% — 0.89% — came from blockchain fees.

Foundry currently holds the position of the leading Bitcoin mining pool, accounting for 32.33% of the global hashrate, followed by Antpool with 17.22%. Viabtc controls 15.02%, and F2pool controls 8.97%. Collectively, these four pools control 73.54% of the network hashrate. The 6.81% difficulty increase could slow the pace of the hashrate, as the metric is now at an all-time high of 121.51 trillion after block height 891072 was mined.

Source: cryptonews.net