Bitcoin

Bitcoin miners have significantly increased their computational power over the past eight days, adding 25 exahashes per second (EH/s) to the network's hashrate. From August 9 to August 17, the hashrate surged from 612 EH/s to 637 EH/s, following a network difficulty reduction on August 14. The difficulty adjustment, which decreased by 4.19% from 90.66 trillion to 86.87 trillion, provided some relief to miners who had been struggling with a low hashprice—now below $44 per petahash per second (PH/s) daily, according to <a href="https://news.bitcoin.com/hashrate-climbs-25-eh-s-in-8-days-as-bitcoin-miners-adjust-to-network-difficulty-reduction/" rel="noopener noreferrer nofollow">Bitcoin.com</a>.
 
This recent difficulty drop came after a 10.5% increase on July 31, which had previously intensified the pressure on miners. Notably, the hashrate saw a rapid rise of 13 EH/s within just 72 hours following the adjustment, underscoring the agility of miners in responding to changes in network conditions.

Bitcoin miners boost hashrate after difficulty drop

Ultramining_Eng

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