Crypto Blog
Bitcoin network “horsepower” continues to climb, which is good news for its security but bad news for miners who are now facing more competition than ever.
Bitinfocharts has a slightly higher average figure of 481 EH/s, but both are in agreement that it is the highest the metric has ever been.77% since the beginning of this year and is up 170% since the bull market peak in November 2021. This means that it is now harder than ever to mine the next block on the chain.adjustment in a few days could be as high as +7.4%. Difficulty is a measure of the competition between miners, and it is also at an all-time high of 57.3T.
This is down 85% since the bull market peak of $0.40 per TH/s per day as mining profitability slumps. Moreover, JPMorgan predicted that hash rates would drop by 20% after the next halving in late April or early May.
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