Bitcoin’s Hashrate Taps an All-Time High, Next-Gen Machine Deployment Could Push it Much Higher

Recently, Bitcoin’s mining difficulty reached an ATH of 29.79 trillion. It’s currently the most difficult time to find a BTC reward. After cruising at 28.2 trillion for the past two weeks, the difficulty of Bitcoin’s mining jumped 5.56% on April 27.

Despite the difficulty increasing, Bitcoin miners have maintained a high-speed pace. In addition, Bitcoin has lost 6.2% against the U.S. Dollar over the past two weeks. During the two-week downturn, bitcoin miners have also found it less profitable due to the price drop.

Despite these setbacks, bitcoin miners managed to push the hashrate to an all-time high in computational processing power. On May 2, 2022 at block height 734 577, the hashrate hit 275.01EH/s at its highest ever level.

Before the 275 EH/s block height of 733,197 on April 23, the network had reached an ATH 1,380 blocks. The ATH at that time was 271.19EH/s. The overall hashrate rose by 1.40% over seven days since block height 733.197.

Soon to be deployed Next-Generation miners

According to seven-day statistics, Foundry USA was the most popular mining pool. It seized 233 of the 1,071 Bitcoin blocks last week. Foundry USA holds 21.76% network hashpower and has a 49.29 EH/s on average for the past seven days. Antpool was the second-largest mining pool, with 145 block subsidy reward rewards.

Antpool held 13.54% global hashrate over the past week with 30.68 EH/s. Today, there are 12 pools that dedicate hashpower to the Bitcoin network. 0.93% of global hashrate (or 2.12 EH/s) is controlled by unknown bitcoin miners.

The hashrate of Bitcoin has reached an all-time high, before the new next-generation bitcoin mining rig manufacturers shipped their latest machines. Next-generation miners, from Bitmain to Microbt which have a lot more hashrate than previous generations, will be available for shipment next month.

Bitmain’s Hydro Bitcoin Mining Rig, the Antminer Pro+ Hyd. commands 198 TH/s, and was released earlier this month. These next-generation, high-powered miners can be deployed by miners depending on the lead time and could increase the overall network’s hashrate significantly.