In the realm of Bitcoin, while its price stabilizes and network difficulty remains at an extraordinary 62.46 trillion until November 12, 2023, a remarkable feat is witnessed in the hashrate arena. On November 1, the seven-day average reported an astounding 464 exahash per second (EH/s), marking a historic achievement.
Bitcoin’s hashrate continues to climb higher.
Bitcoin miners display their resilience as the hashrate surges. As of November 1, 2023, the seven-day simple moving average (SMA) charts a new high of 464 EH/s. A closer look, with a three-day SMA, reveals an even greater spike, reaching 468 EH/s.
All of this unfolds against the backdrop of an unprecedented network difficulty level of 62.46 trillion. However, it’s poised for potential growth, given current block intervals.
With BTC’s current value, miners now earn $70.75 per petahash per second (PH/s) daily, a notable increase from mid-October. Multiple mining pools contribute to Bitcoin’s SHA256 hashpower, with Foundry USA leading the pack, followed by Antpool, F2pool, Viabtc, and Binance Pool. The countdown to the next halving event has just over 25,000 blocks to go.