The price of bitcoin has climbed to phenomenal heights during the last few weeks and this has fueled the crypto asset’s mining sector a great deal. Despite the fact that the Bitcoin network’s mining difficulty has never been higher at 21.72 trillion, the hashrate has climbed to a whopping 180 exahash per second (EH/s) and there’s 23 mining pools dedicating significant hashrate to the Bitcoin blockchain.

180 Exahash and a 21.72 Trillion Difficulty

Bitcoin (BTC) continues to climb higher and higher in value and on Sunday the crypto asset tapped another all-time price high. BTC reached a whopping $58,300 price per unit on February 21, and the asset’s market valuation captured 1.09 trillion in value. The price of BTC has made bitcoin mining extremely profitable as next-generation mining rigs are making bountiful profits.

180 EH/s, 23 mining pools, Bitcoin (BTC), Bitcoin Blockchain, bitcoin difficulty, Bitcoin hashrate, BTC, BTC difficulty, BTC Hashrate, BTC Mining, Hash, Hashrate, mining, mining bitcoin, mining rigs

For instance, the Microbt manufactured Whatsminer M30S++ with 112 terahash per second (TH/s) gets $37 a day. The popular Bitmain Antminer S19 Pro (110 TH/s) gets a touch above $36 per day in BTC. This is using today’s extremely high mining difficulty and electric prices at $0.07 per kilowatt-hour (kWh). Older generation mining rigs like Bitmain S9s and other 10-14 TH/s machines are also making profits.

180 EH/s, 23 mining pools, Bitcoin (BTC), Bitcoin Blockchain, bitcoin difficulty, Bitcoin hashrate, BTC, BTC difficulty, BTC Hashrate, BTC Mining, Hash, Hashrate, mining, mining bitcoin, mining rigs

The high difficulty percentage has never been larger in Bitcoin’s lifetime as the difficulty today is 21,724,134,900,047 (21.72T). The next difficulty change is expected to happen in 12 days and the mining difficulty is likely to go higher if the hashrate and if the price stays consistent. BTC’s difficulty will jump a percentage to 21.94 trillion on or around March 5, 2021. This is due to BTC’s hashrate remaining very high and tapping 180 exahash per second (EH/s) this week. At the time of publication, the hashrate is around 163 EH/s.

Bitcoin Mining Pool Participation Jumps by 35% in 30 Days

The hashrate surge is due to the additional mining pools joining in on the fresh profits. A few weeks ago 17-18 pools pointed hashrate at the BTC chain and now there’s 22-23 pools. The top gun in the BTC mining operation business is F2pool as it has held the number one position for months on end. That’s because F2pool commands 18.92% of the network’s overall hashrate with over 28 EH/s dedicated to the BTC blockchain.

Poolin follows behind with 15% of the hashrate and 23 exahash, Btc.com captures 12.1% with its 18 EH/s, and Binance Pool commands 11% of the hashrate with 17.5 EH/s. The fifth-largest BTC mining pool today is Antpool which has 8% of the network hash and 13 EH/s.

180 EH/s, 23 mining pools, Bitcoin (BTC), Bitcoin Blockchain, bitcoin difficulty, Bitcoin hashrate, BTC, BTC difficulty, BTC Hashrate, BTC Mining, Hash, Hashrate, mining, mining bitcoin, mining rigs

Pools like Viabtc, Huobi, 1thash, Slushpool, and Lubian have around 2.4% to 7.4% of the network hashrate respectively. Following those five pools is an unknown operation, Btc.top, Spiderpool, Emcdpool, and Novablock. All of which capture around 1 to 2.4 EH/s and most of the hashrate belongs to the stealth mining operation.

Bitcoin mining has always been competitive and hard, but in 2021 it has never been more difficult to secure a BTC block with 6.25 BTC and tethered fees. Nevertheless, miners continue to shatter new hashrate highs, and difficulty continues to climb because of this factor.

What do you think about the Bitcoin network’s difficulty obtaining all-time highs and the challenging mining difficulty increases as well? Let us know what you think about the bitcoin mining topic in the comments section below.

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Du lịch nhật bản, hướng dẫn du lịch Nhật và đánh giá địa điểm Nhật Bản Japan travel news, japan travel guides, japan holiday destinations and japan reviews

RELATED NEWS

Report: Document Shows Specific Bitcoin Miners in Xinjiang Instructed to Shut Down

An official notice stemming from the Changji prefecture government in Xinjiang details that officials from the Zhundong Economic-Technological Development Park must instruct bitcoin miners to shut down. China’s province of Xinjiang is a highly concentrated region of bitcoin miners and bitcoin activities at the park must cease by June 9, according to the document. Nevertheless, […]

Xem chi tiết: Report: Document Shows Specific Bitcoin Miners in Xinjiang Instructed to Shut Down

Mystery Whale Returns by Moving $35 Million — Miner Transfers 1,000 ‘Sleeping Bitcoins’ from 2010

Two months after the mystery mining whale from 2010 transferred a string of 20 block rewards with 1,000 bitcoin on March 23, it seemed as though the entity was finished, after spending 10,000 bitcoin total. However, it took 78 days for the whale’s next move, as another 20 blocks from 2010 were transferred on Wednesday […]

Xem chi tiết: Mystery Whale Returns by Moving $35 Million — Miner Transfers 1,000 ‘Sleeping Bitcoins’ from 2010

Commodity Strategist Mike McGlone Says $40K BTC Target ‘More Likely’ Than $20K

Bloomberg Intelligence senior commodity strategist Mike McGlone believes bitcoin is “more likely†headed for $40K instead of $20K after discussing the possibility of capitulation in a recent tweet. McGlone’s opinion follows a number of predictions that say bitcoin could drop to the $20K zone if there’s more pullback in the cards. Bloomberg Commodity Strategist Suggests […]

Xem chi tiết: Commodity Strategist Mike McGlone Says $40K BTC Target ‘More Likely’ Than $20K

Crypto Payments App Bottlepay Is Now Available Across Europe

U.K.-based crypto payments provider Bottlepay has started offering services in other European countries. Users on the Old Continent will be able to send and receive even small amounts of euro and also buy, store and spend bitcoin with merchants accepting cryptocurrency. Bottlepay Promises Low-Cost Transactions in Euro and Bitcoin The Bottlepay app will allow Europeans […]

Xem chi tiết: Crypto Payments App Bottlepay Is Now Available Across Europe

Bitcoin Keys Cannot be Hacked: Skeptics Question the Official Colonial Pipeline Bitcoin Seizure Story

On June 7, the United States Justice Department and the Federal Bureau of Investigation (FBI) announced the “recovery†of 63.70 bitcoin from the funds Colonial Pipeline sent to the hackers. The official story has a number of inconsistencies and federal investigators did not disclose how the FBI was able to confiscate the Darkside gang’s private […]

Xem chi tiết: Bitcoin Keys Cannot be Hacked: Skeptics Question the Official Colonial Pipeline Bitcoin Seizure Story

Alternative 401(k) Product Offers In-Plan Cryptocurrency Investment via Coinbase Institutional

On Monday, the San Francisco-based retirement plan provider for small to medium-sized businesses, Forusall, announced the launch of an alternative 401(k) plan that offers in-plan cryptocurrency access. According to the alt 401(k) investment option, Forusall is working with Coinbase Institutional as its retirement plan partner. Forusall and Coinbase’s Institutional Arm Offer Crypto-Infused Alt 401(k) Plan […]

Xem chi tiết: Alternative 401(k) Product Offers In-Plan Cryptocurrency Investment via Coinbase Institutional

White House Tech Advisor Tim Wu Keeps at Least $1 Million in Bitcoin

Tim Wu, top advisor to the Biden administration on technology and competition policy, holds more than $1 million in cryptocurrency, shows a recently filed financial disclosure. The antitrust expert, who is known as a prominent big tech critic, has in the past questioned the value of bitcoin. Top Biden Advisor Tim Wu Is a Bitcoin […]

Xem chi tiết: White House Tech Advisor Tim Wu Keeps at Least $1 Million in Bitcoin

White House Tech Advisor Tim Wu Keeps at Least $1 Million in Bitcoin

Tim Wu, top advisor to the Biden administration on technology and competition policy, holds more than $1 million in cryptocurrency, shows a recently filed financial disclosure. The antitrust expert, who is known as a prominent big tech critic, has in the past questioned the value of bitcoin. Top Biden Advisor Tim Wu Is a Bitcoin […]

Xem chi tiết: White House Tech Advisor Tim Wu Keeps at Least $1 Million in Bitcoin

Alternative 401(k) Product Offers In-Plan Cryptocurrency Investment via Coinbase Institutional

Scammers Pick Bank Transfers Over Cryptocurrency, Australian Report Reveals

As Crypto Interest Winds Down Bitcoin’s Daily Transaction Rate Plummets to Two-Year Lows

Bitcoin.com Games Player Gets Lucky Big Time, Wins 5 BTC on Popular Online Slot

FBI Agent Recovers Private Key to $2.3M in Bitcoin Paid to Colonial Pipeline Hackers

Two-Fifths of Australian Millennials Prefer Crypto Investments Over Real Estate

While China’s Bitcoin Miners Flock to Central Asia Canaan Sets up ASIC Mining Rig Service in Kazakhstan

Out of Thousands of MIT Students That Got Free Bitcoin in 2014 – 6 Year Holders Saw 13,000% Gains

Other Articles