Bitcoin Hashrate Exceeds All-Time High, Foundry Holds Top Mining Pool Rank for 30 Days

On February 12, 2022, the processing power behind the Bitcoin network hit another all-time high (ATH). This time, 246 exahashes per second (EH/s) were being generated. This happened even though the network’s mining difficulty was also at a record high. The hashrate went up by 12.43 percent a month after the network hit a high point on January 15.

Bitcoin Network’s Hashrate Climbs to New Highs

On Saturday, February 12, 2022, the hashrate hit an all-time high of 246.80 EH/s. There have been three ATHs in 2022 so far. The first record was set on January 1. Two weeks after that, the hashrate hit a new record high of 219.5 EH/s.

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Compared to January 15, the record on Saturday was 12.43 percent better. At this point, the hashrate is at 239.48 EH/s. The hash rate is at a record high while bitcoin’s price has dropped 38.4% from its November 10 high of $69,000. Network difficulty is at its highest level as well, which means that it’s more difficult to get a BTC block subsidy now than it has ever been to get one in the past.

If you were to write this now, the network’s mining difficulty would be about 26.69 trillion. It’s expected to go up 3.33 percent in three days. It went up 9.32 percent on January 20, and two weeks later, on February 3, it went up 0.18 percent.

It has been 30 days since Foundry had 758 Block Rewards, so it has the lead.

Out of the total of 21 million bitcoins, 18,957,962 have been mined so far. When it comes to hashrate, the bitcoin mining pool called Foundry USA has been the most powerful in the last three days, by far. Foundry USA has 20.16 percent of the world’s hashrate, and it found 101 block rewards with 41.45 EH/s.

Foundry comes next, with Poolin (29.14 EH/s), F2pool (24.63 EH/s), Antpool (24.22 EH/s), and Viabtc (22.16 EH/s) following. Foundry has been the top miner for the last 30 days as well, with 17% of the world’s hashrate finding 758 block rewards.

It’s been more than 13 years since Bitcoin’s hashrate has been this high, and now 12 well-known mining pools are mining the top crypto asset. Stealth miners (unknown hashrate) make up 1% of the network’s hashrate.

Disclaimer: These are the writer’s opinions and should not be considered investment advice. Readers should do their own research.

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