Bitcoin Hashrate reaches all-time high, Boost could lead to record-breaking difficulty-mining Bitcoin messages

In the first week of the new year, Bitcoin's Hashrate reached an all -time high (ATH) on January 6, 2023 with block height 770,709. The network recorded a milestone of around 361.20 Exahash per second (EH/S) on Friday and was therefore more than 4 % above the previous record of 347.16 EH/S, which was recorded on November 12, 2022.

hashpower of the network reaches new heights, change in difficulty in eight days

The computing power of Bitcoin runs hot in the first week of the new year because it broke its first record in 2023. According to statistics from January 7, Bitcoin's Hashrate is currently in 290 EH/S after it has reached its all -time high (ATH) the day before. The ATH took place on January 6th at 3:42 p.m. ET at Blockhöhe 770.709 when the entire hashpower of the network was reached 361,20 EH/S . This record corresponds to 0.3611999 ZettaHash per second (ZH/s) or approximately 361.2 trillions of hashes per second.

The record of January 6 was more than 4 % higher than the record of November 12, 2022 of around 347.16 EH/S, printed at a block height of 762,845. Since the hashrate was so high, the block generation times were much faster than the 10-minute average. Statistics show that current block intervals (the time between dismantled blocks) are in between 8:51 and 7:31 Protocol. Data also show that the costs for Bitcoin The production has decreased. metrics from macromicro.me indicate that the costs of Bitcoin production are $ per unit, during the cash price $ 16,920 per unit.

statistics from Theminermag.com show that the costs of Bitcoin production could be even lower, since the web portal specifies the average costs at around $ 13.6,000 per unit. The faster block intervals will probably mean that the difficulty of the network on or around January 16, 2023 will increase to A 3.59 % decline on the second day of the year. Current estimates for the change in difficulty in more than eight days are enough for 7.04 % to a record 13.2 % increase . On October 10, 2022 there was an increase of 13.55 %, which was the biggest upswing of the year.

on January 7, 2023, three-day statistics show that Foundry USA with 29.34 % of the total hashrate in the world or about 78.85 EH/S is the top mining pool. Antpool (20.04 %), F2Pool (16.74 %), Viabtc (9.71 %) or Binance pool (7.85 %) follow on Foundry. The computing power of the network that reaches record heights indicates that Bitcoin's blockchain becomes more powerful, which is considered a positive sign of the general health of the Bitcoin network. As mentioned above, however, it can also affect the difficulty of reducing new blocks after the difficulty on January 16 has changed in eight days.

What do you think of Bitcoins hash rate that increases to new heights and the possibility of a record-breaking change of difficulty in eight days? Share your thoughts on this topic in the comment area below.

Jamie Redman

Jamie Redman is the news manager at Bitcoin.com News and a Journalist for Financial Technology living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open source code and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com news about the disruptive protocols that arise today.

Bedy verification : Shutterstock, Pixabay, Wikicommons