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The bitcoin hash rate and the bitcoin mining difficulty indicator were at their highest.
The past October was marked by the fact that three metrics in the field of bitcoin mining reached record values. The value of the hash, expressed in terms of the price of bitcoin, reached a minimum of 66.5 thousand dollars per 1 Eh, which happened on October 25th.
The bitcoin mining difficulty index rose on October 23 to an all-time high of 36.84 trillion. The next correction of this bitcoin mining metric is expected to occur on November 6 and is likely to fall by 1.51%.
Despite the fact that the growth of this indicator occurred against the background of the “bear” market of bitcoin, the bitcoin hashrate rose to 325.11 Eh / s, which also became an absolute maximum. This fact was recorded on October 10 at block No. 758138.
The average hash rate in the second half of October was 259.8 Eh/s, and the indicator itself showed noticeable volatility. This can be attributed to the fact that miners are currently spending modernization mining equipment, as well as transporting miners to those locations where it is possible to conclude contracts for the consumption of electricity at favorable energy tariffs.
The largest mining pool in the world, Foundry, accounted for an average of about 25.91% of the global hashrate, and out of 4.578 thousand blocks mined in 30 days of October (excluding October 31), this pool discovered 1.186 thousand blocks.
In terms of bitcoin price, October was the best month of the last three, with the price of bitcoin up 5.1%.
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