Bitcoin Hashrate Surges Tapping Lifetime High, Foundry Commands Top Mining Pool Rank for 30 Days
The processing power backing the Bitcoin network has tapped another all-time high (ATH) in 2022, reaching 246 exahash per second (EH/s) on February 12. After the network reached an ATH on January 15, a month later the hashrate increased by 12.43% — this despite the network’s mining difficulty coasting along at record highs as well. Bitcoin Network’s Hashrate Climbs to New Highs
Bitcoin mining participants tapped a record high on Saturday, February 12, 2022, as the hashrate reached an ATH of 246.80 EH/s. So far, the hashrate has seen three consecutive ATHs in 2022 with the first record broken on January 1. Two weeks later, the hashrate tapped another ATH at 219.5 EH/s. Bitcoin’s hashrate tapped an ATH on Saturday, February 12, 2022 at 246.80 EH/s. The hashrate is coasting along at 239 EH/s at the time of writing.
The record on Saturday was 12.43% higher than the January 15 metric and currently, the hashrate has been coasting along at 239.48 EH/s. The hashrate high is taking place while bitcoin’s price has dropped 38.4% lower than the $69K high on November 10. Furthermore, the network’s difficulty is the highest it’s ever been as well, which means it’s more difficult than ever before to find a BTC block subsidy.
At the time of writing, the network’s mining difficulty is approximately 26.69 trillion, and it’s expected to increase 3.33% in three days. On January 20, the mining difficulty jumped 9.32% higher and two weeks later, on February 3, it increased by 0.18%. Foundry Takes the 30-Day Lead With 758 Block Rewards Found
Currently, out of the 21 million maximum supply, 18,957,962 bitcoin have been mined into existence. During the last three days, the bitcoin mining pool Foundry USA has been the biggest pool in terms of hashrate. Foundry USA has captured 20.16% of the global hashrate, finding 101 block rewards with 41.45 EH/s.
Foundry is followed by Poolin (29.14 EH/s), F2pool (24.63 EH/s), Antpool (24.22 EH/s), and Viabtc (22.16 EH/s) respectively. Foundry has been the top miner for 30 days as well, with 17% of the global hashrate finding 758 block rewards.
As BTC’s hashrate is riding at its highest levels in over 13 years, 12 known mining pools are mining the leading crypto asset while stealth miners (unknown hashrate) command 1% (2.05 EH/s) of the network’s hashrate. Tags in this story 12 known mining pools, 246 exahash, Bitcoin hashrate, Bitcoin Miners, BTC hashpower, BTC Hashrate, BTC miners, difficulty, Exahash, F2Pool, Foundry USA, Global Hashrate, Hashpower, Hashrate, Miners, Mining Difficulty, Mining Pools, Over 200 EH/s, pool distribution, Poolin, Price
What do you think about the Bitcoin network’s hashrate reaching an all-time high on Saturday? Let us know what you think about this subject in the comments section below. Jamie Redman
Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist 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 applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News about the disruptive protocols emerging today. Monero Supporters Beg XMR Miners to Boycott Mining Pool Capturing 44% of the Network Hashrate MINING | 2 hours ago Intel to Develop Crypto Mining Accelerators, Claims Circuits Will Deliver "1000x Better Performance per Watt" MINING | 2 days ago
Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleLoud Market Music NFT Marketplace Launching 28th February Next articleTechnical Analysis: MINA Monday’s Big Gainer, CRO Lower Despite Crypto.com’s LeBron Ad Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItStudents Mining Crypto in Dorms May Face Criminal Prosecution in Russia, Lawyer Says
University students in Russia minting digital currencies in their dormitories risk penalties and even criminal charges, according to a legal expert quoted by local media. The warning comes as Russian authorities are trying to curb crypto mining with cheap energy ... read more.Global Regulators "Going Full Steam" on Crypto — Official Says "Current Structure Is No Longer Fit for the Purpose" JPMorgan Predicts Long-Term Bitcoin Price of $150K — Outlines Challenges Ahead US Inflation Jumps to 7.5%, CPI Climbs at Fastest Rate in 40 Years, Citizens See Little Wage Growth RBI: Cryptocurrency Is a Big Threat to Macroeconomic and Financial Stability in India