Bitcoin miners take a break as mining difficulties decline for the first time in 3 months – Bitcoin mining news

Bitcoin miners take a break as mining difficulties decline for the first time in 3 months – Bitcoin mining news

Bitcoin miners were given a short break on March 3, after difficulties in mining the network moved down for the first time since November 28, 2021. The Bitcoin hashrate remained high, winding between 180 and 220 ex-hashes per second (EH / s) over the past week , but the price of leading crypto assets has fallen by more than 3% in the last 24 hours.

The difficulty with Bitcoin fell by 1.49% at block height 725,760

The Bitcoin hashrate remains high and at the time of writing, the processing power of the network is approximate 189.56 EH / s or 189,564,917,409,516,800,000 hashes per second (H / s). Hashrate has been moving at 180 to 220 EH / s for the last seven days after small drop in hash power which happened five days ago.

At the time, estimates expected the difficulty of mining to increase by 1.18% to 27.64 trillion. However, the change in weight on March 3, 2022, at the height of block 725,760, was reduced for the first time in several months. In fact, the last reduction in mining difficulties experienced by the network was recorded 96 days ago, on November 28, 2021. The reduction on Thursday was 1.49% change lower, reducing the difficulty to 27.55 trillion.

Bitcoin miners take a break as mining difficulties decline for the first time in 3 months – Bitcoin mining news

While that’s not a big change, it makes it 1.49% less difficult for a bitcoin miner to find BTC block subsidy often referred to as block reward. Prior to the downside, the network recorded a total of six consecutive increases in mining weight, making it significantly more difficult for mining participants to find a block of rewards.

A weight loss of 1.49% on March 3 is helpful, but at the same time, 24-hour statistics show at the time of writing, BTC lost 3.8% against the US dollar. Current fiat value of Bitcoin (BTC). makes the profit of Bitmain Antminer S19 Pro (110 TH / s), Microb’s Whatsminer M30S ++ (112 TH / s) and Canaan’s Avalonminer 1246 (90 TH / s) lower than last week.

The above mentioned mining platforms get $ 8.24 to $ 12.75 per dayusing electricity BTC prices and payment of 0.12 USD per kilowatt-hour (kWh) for electricity. Mining devices such as Innosilicon’s T2 Turbo + (32 TH / s) mining equipment, Bitmain Antminer S11 (20.5 TH / s) are not making a profit today, with the current BTC prices and payment of 0.12 USD per kWh.

For the past three days, Foundry USA has been a superior mining pool globally with 18.41% global hashrate and approximately 36.49 EH / s processing power. The American mining operation Foundry USA has been the best miner for weeks in a row this year, and the pool has received 79 block awards in the last 72 hours.

The second largest mining fund in the three-day period is Bitmain Antpool with 15.62% of the global hashrate. Antpool found 67 blocks in 72 hours using 30.95 EH / s of processing power. Approximately 11 of them are known BTC Mining pools today, while an unknown hashrate is managed by 1.64% of the world BTC hashpower, with about 3.24 EH / s of SHA256 processing power.

Labels in this story

1.49%, antminers, Antpool, Avalonminers, Bitcoin, Bitcoin (BTC), Bitcoin mining, Bitmain, Block height 725760, BTC, Canaan, difficulty reduction, difficulty reduction, Foundry USA, Hashpower, Hashrate, microbt, mining, Mining BTC, Mining difficulty, Processing Power, Whatsminers

What do you think about the difficulty of Bitcoin mining falling 1.49% lower? Tell us what you think about this topic in the comments section below.

Bitcoin miners take a break as mining difficulties decline for the first time in 3 months – Bitcoin mining news

Jamie Redman

Jamie Redman is a news anchor on News and a financial technology 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 News about disruptive protocols appearing today.

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