Carlos Fernandes While Bitcoin’s valuation remains stable and the network’s difficulty is set at 62.46 trillion, sustaining until November 12, 2023, an impressive narrative emerges concerning its hashrate. The data from the seven-day average on November 1 presents an unparalleled achievement for the network. Specifically, on this day, Bitcoin’s hashrate touched a groundbreaking 464 exahash per second (EH/s), inscribing yet another distinguished chapter in its journey.
Bitcoin Miners Display Resilience in the Face of Elevated Difficulty
Bitcoin’s hashrate continues its ascendant trajectory. As of November 1, 2023, the network recorded its highest hashrate yet. The seven-day simple moving average (SMA) reveals that the network achieved 464 EH/s for the first instance. A more intricate look at the three-day SMA indicates that the network’s total hashrate surged even further, hitting 468 EH/s.
The growth of Bitcoin’s hashrate is evident and persistent.
These significant strides come amidst a period where the network’s difficulty stands at a staggering high of 62.46 trillion. This level is anticipated to persist until November 12. Evaluating the ongoing rate of block intervals suggests an imminent hike in the network’s difficulty, though this projection might alter.
In terms of miner compensation, with the existing Bitcoin valuation, they currently obtain a daily reward of $70.75 for every petahash per second (PH/s). This depicts a considerable ascent from the $60 and $59 per PH/s that was the norm in mid-October. As of Wednesday, approximately 43 distinct mining pools are lending their SHA256 hashpower to the BTC blockchain.
Reviewing a three-day analytical span, Foundry USA emerges as the leading contributor, registering 130.66 EH/s, or 28.11% of the entire network’s hashrate. Trailing closely, Antpool commands 27.25% of the complete network hashrate, equivalent to an approximate 126.67 EH/s. In succession to these mining pool behemoths are F2pool, Viabtc, and Binance Pool. Currently, the anticipation for the succeeding halving event is marked by just above 25,000 blocks remaining for mining.
We invite readers to express their perspectives on the continual ascent of Bitcoin’s hashrate amidst its peak difficulty. Kindly articulate your insights and viewpoints on this topic in the designated comments section.
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Frequently Asked Questions (FAQs) about fokus keyword: Bitcoin’s hashrate
What was the notable achievement for Bitcoin’s network on November 1, 2023?
Bitcoin’s hashrate touched a groundbreaking 464 exahash per second (EH/s) on this day, marking a significant milestone.
How does the current hashrate compare with the past?
According to the seven-day simple moving average (SMA) on November 1, 2023, the hashrate reached 464 EH/s, and the three-day SMA showed it surging even further to 468 EH/s.
At what level is the network’s difficulty set, and until when?
The network’s difficulty is set at a high of 62.46 trillion, and it is expected to remain at this level until November 12, 2023.
How are miners being compensated with the current Bitcoin valuation?
Miners currently obtain a daily reward of $70.75 for every petahash per second (PH/s), marking an increase from the $60 and $59 per PH/s that was observed in mid-October.
Which mining pools are currently leading in terms of hashpower contribution?
Foundry USA emerges as the leading contributor with 130.66 EH/s or 28.11% of the network’s hashrate. It’s followed closely by Antpool, which commands 27.25% of the network hashrate, translating to approximately 126.67 EH/s.
More about fokus keyword: Bitcoin’s hashrate
- Bitcoin Hashrate Explained
- Bitcoin Network Difficulty
- Bitcoin Miners’ Compensation and Rewards
- Leading Bitcoin Mining Pools
- Bitcoin Halving: What It Means
