Bitcoin [BTC] The hash rate has reached a new stage – a point that has been hard to reach since June 8th. according to CoinWarzBTC hash rate reached new highs in more than two months.
The hash rate, which details the computational power used to make BTC transactions, was 248.61 Exahs per second (EH/s) on August 26. Historical data showed that the closest hash rate was 236.50EH/s on August 19.
This jump may come as a surprise, especially since the price of BTC rose and lost $22,000 on hold and Watch to less than $20,000. So, does that mean that Bitcoin miner Do you now have more power to get more bitcoins in circulation?
It may be too early to judge that the same hash rate has replayed its stride. At the time of writing, BTC hashrate is 216.49EH/s.
Source: CoinWarz
I got an invite
Incidentally, the hash rate wasn’t the only thing included in the pool party. Difficult to block bitcoin periods too Follow. It typically updates every 2016 block, and the difficulty peaked at 749952, which was a 0.63% jump from the previous interval, according to BTC.com.
Source: Bitcoin.com
It is important to note that the block interval difficulty reached the aforementioned parameter with an average hash of 202.76 EH/s. Blockchain consulting organization, BlocksBridge Consulting, initially announced the update publicly.
The company also expected that the difficulty may increase further in the coming days.
average # bitcoin The mass interval between the current high (751055) and the last difference era (749952) is about 9.18 minutes 🤌
Expect a noticeable jump in as little as 6 days. pic.twitter.com/PgYlg2Ii3n
– BlocksBridge Consulting (@BlocksBridge_) August 25 2022
Interesting, seems to be on the right page. Data from BTC.com indicates that the next difficulty is estimated to increase by 4.46%. Although miners enjoy Less difficult a couple of weeks ago, this increase can create a difficult path for them to increase their collective rewards.
also jumps
While the difficulty level was expected to reduce the block rewards for BTC miners, it was not. according to glass knot The data, earnings from miners’ bonuses rose from their low on August 24.
The value of 912.5 increased from the mentioned date to 1100 as of August 26. Interestingly, revenue has maintained this level at the time of publication of this report.
Source: Glassnode
Not only was it an increase, it was the second highest bonus since July. The first was 1112.5 on August 19, the same day the hash rate rose before the most recent.
With miners appearing to be profitable despite signs of BTC bears, a jump in BTC price could make it better, considering other influencing factors.