- Hashrate is 308 EH/s
- This growth reflects the improvement in the mining economy since the beginning of the year.
After the last adjustment, the complexity of mining has grown – show data btc.com. Compared to the previous figure, it jumped by 9.95% and reached a record high of 43.05 trillion.
More and more installations for bitcoin mining began to appear on the network. This is partly due to the recent rise in the price of the coin, coupled with the declining cost of electricity. These two factors have made life much easier for miners who are currently struggling.
The global network hashrate was temporarily above 320 EH/s this week, but at the time of writing it is 308.09 EH/s.
“Network hashrate continues to grow as more efficient machines enter the market, electricity prices fall, infrastructure continues to evolve. Accordingly, the mining economy is constantly improving along with the rise in the price of bitcoin.
Although the situation is improving for miners, even if they benefit from improved economic performance, they will most likely be offset by an increase in difficulty, which has jumped for the third time this year.
“We expect hashprice to trade in a tight range of $70 to $90 per day as the BTC price increase is offset by increased network complexity,” Ethan said.
Hashprice is a metric that was created by Luxor and it means the income of miners from a hashrate unit for a certain period of time.
You can learn more about what mining difficulty and network hashrate are in our material.
