Bitcoin’s hashrate has been riding high again as the processing power tapped another lifetime high on January 15, 2022, reaching 219.68 EH/s.
recently explained that the production cost price point is around 20% below the current value. “The worst dumps bitcoin ever had, were due to miners’ capitulation , when bitcoin fell below production costs, it is at risk for miner capitulation,” the analyst[Bitcoin] was at risk for miner capitulation at $30k in May. The current production cost is $34k, 20% below [the] current price.
The last mining difficulty ATH of 25 trillion was on May 13, 2021, and four difficulty decreases — including the largest epoch decrease ever — dropped the difficulty down a great deal. Since then, and after July 17, there’s been a total of 12 difficulty increases and just one decrease. On Saturday, the largest bitcoin mining pool is F2pool with 15.57% or 28.88 EH/s and the second-largest pool is Foundry USA with 15.55% or 28.80 EH/s. Both pools have been jumping back and forth during the last few weeks in terms of Bitcoin’s largest mining pool.
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