30-day statistics show that Bitcoin’s hashrate has jumped much higher since the price of bitcoin increased during the last month. While bitcoin’s price has risen by 53% over the last month, the hashpower securing the network has increased 110% from the 69 exahash per second (EH/s) low to today’s 145 EH/s.
Bitcoin’s Hashrate Follows the Price Jump
Monthly data from coinwarz.com shows since then, BTC’s hashrate climbed 51.04% and has continued to rise higher. The increase in hashpower dedicated to the Bitcoin blockchain is making it so the difficulty change expected in four days will see an increase.
This means that BTC’s mining difficulty adjustment will see three increases in a row. The first increase since the 27.94% decrease milestone, happened after a 4.81% decrease and increased by 6.03%.
Five Pools Command 67% of the Hashrate
The very last difficulty change saw an increase of 7.31% and four days from now estimates indicate another increase is due of about 7.61% from 15.56 trillion to 16.74 trillion. Of course, with four days left, the Bitcoin mining difficulty increase estimate of 7.61% could change.
On Saturday, BTC tapped a 30-day high at $49,745 per unit and bitcoin miners are getting a lot more profit than they did last month. Today’s top five mining pools include Antpool, Poolin, Btc.com, Viabtc, and F2pool. Collectively these five pools command 67.28% of the global hashrate on Saturday.
What do you think about the 110% increase in hashrate since the 69 EH/s low and the 51% increase during the last 30 days? Let us know what you think about this subject in the comments section below.
Image Credits: Shutterstock, Pixabay, Wiki Commons, Btc.com, Coinwarz.com,
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