Bitcoin

Block

Phoenix

Bitcoin's <a href="https://ultramining.com/news/en/impending-bitcoin-halving-may-trigger-major-hashrate-decline-say-experts/" rel="noopener noreferrer nofollow">hashrate</a> has seen a dramatic increase, accelerating the average block production interval to about 8 minutes and 56 seconds, 11.9% faster than the intended 10-minute-per-block interval. This surge, driven by a market rebound from $55,000, has pushed the seven-day moving average hashrate from 558 EH/s to an all-time high of 662 EH/s. This increase of 100 EH/s within a month is akin to adding 500,000 <a href="https://ultramining.com/en/manufacturers/bitmain/" rel="noopener noreferrer nofollow">Bitmain</a> <a href="https://ultramining.com/en/hardware/antminer-s21-200-ths/" rel="noopener noreferrer nofollow">Antminer S21</a> units to the network. Consequently, the next difficulty adjustment could set a new record above 90 trillion, the largest since October 2022, according to <a href="https://theminermag.com/news/2024-07-25/miner-weekly-bitcoin-hashrate-bananas/" rel="noopener noreferrer nofollow">TheMinerMag</a>.
Publicly traded bitcoin mining companies are a significant force behind this surge. These companies, having received new-gen ASIC miners pre-ordered since Q3 last year, added 15 EH/s to their hashrate in June compared to May. Their combined market share for bitcoin production rose to 21.4% in June, the highest since December. Marathon's MARA Pool alone mined 170 bitcoin blocks in July, averaging 7.08 blocks per day, a 35% increase from June.&nbsp;
The expansion continues. HIVE announced a 100 MW expansion in Paraguay, while UAE's Phoenix Group is adding 25 MW in South Carolina. Riot acquired Block Mining to expand 60 MW in Kentucky, with plans to scale up to 110 MW this year. This aggressive growth underscores the miners' confidence in the market's future.

Bitcoin Hashrate Surges as Miners Ramp Up Operations

Ultramining_Eng

Ďalšie články zverejnené 26. 7. 2024

WazirX Reports Breach to FIU, Reaches Out to 500+ Exchanges After $235M Hack

The Rise and Fall of Celebrity Tokens on Solana

3AM JAPAN and INTMAX Announce New Partnership to Deliver Web3 Loyalty Programs

'Dogecoin Killer' Shiba Inu Sees 76% Surge In Q2 Orders On Crypto Payments Platform CoinGate

Solana Price Prediction: SOL Price Aims To 100% Surge

Hamilton Lane With $900B AUM Unveils SCOPE Fund on Solana

Pripojte sa k nášmu bezplatnému bulletinu a získajte denné aktualizácie kryptomien!