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On January 15, 2022, computing power hit another high, now at 219.68 exahash per second (EH/s). The previous all-time high (ATH) was reached on the first day of the year when the network hashrate was 219.5 EH/s.
More recently, the hash rate has been falling inexorably at a time when the internet was temporarily shut down in Kazakhstan amid civil unrest. It was widely discussed around the world that the hash rate dropped by 15% due to problems in Kazakhstan, but local miners claimed that this was not the case. They said that the fall in the price of BTC and the increase in mining difficulty contributed to a 15% decrease in the hash rate.
It is estimated that the cost of mining one BTC today is $34,000. An analyst at Venture Founder noted that the cost of production is now about 20% below the current cost.
Bitcoin mining difficulty is expected to increase by 3.8% in 5 days and reach a new all-time high.
The last time mining difficulty was at 25 trillion was on May 13, 2021, after which the figure dropped significantly. After July 17, the situation began to change upwards.
On Saturday, the title of the largest Bitcoin mining pool was established by F2pool with 15.57% or 28.88 EH/s, and the second largest pool was Foundry USA with 15.55% or 28.80 EH/s.
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