Bitcoin’s difficulty drop is the first mining difficulty decrease in four weeks, as the metric changed from 36.84 trillion to 36.76 trillion.
The reason why the network’s mining difficulty dropped is because block generation time has slowed down. Block intervals are just over 10 minutes at the time of writing, as the block generation time is currently 10 minutes and six seconds long. This means, at least at current speeds, another difficulty decrease could be in the cards when it changes again on Nov. 20, 2022. However, a lot can change in two weeks or 2,016 blocks, and the recent 0.20% reduction helps miners.
Bitmain’s S19 XP Hydro Bitcoin Mining Rig With 255 Terahash Becomes the Most Profitable Mining Deviceleads the pack when it comes to today’s top bitcoin mining pools. Foundry commands 31.47% of the global hashrate with 84.07 of SHA256 hashpower dedicated to the Bitcoin chain. Foundry is followed by Antpool, F2pool, Binance Pool, and Viabtc respectively. Unknown hashrate or stealth miners command the sixth largest pool position in terms of hashrate size, with 10.59 EH/s or 3.
Bitcoin’s fourth block subsidy epoch or the next block reward halving is expected to happen between April 13 and April 22, 2024, after more than 77,000
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