December 2, 2021

Bitcoin Hashrate Falls After Mining Profitability Decreases

Bitcoin Hashrate Falls After Mining Profitability Decreases

After reducing the reward for the mined block, the bitcoin hash rate decreased by 16%.

According to The Block, total daily income of miners afterHalving fell 44% from $ 16.1 million to $ 9 million. Most old miners like Antminer S9 no longer make a profit. Next-generation devices like the Antminer S17 and Whatsminer M30S remain profitable.

The network hash decreased from 122 EH / s to 102 EH / s. Of the four largest mining pools (F2Pool, Poolin, Antpool, BTC.com), Poolin lost the most hashrate - about 30% - and BTC.com lost a little more than 10%.

After halving, the interval between new blocks averages 10 minutes 32 seconds. The next difficulty adjustment will occur in 5 days. Mining difficulty is expected to be reduced by 2%.

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According to the materials www.theblockcrypto.com

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