Bitcoin Miners Remain Resilient as Hashrate Stays Strong
Despite the upcoming difficulty adjustment scheduled for October 3, 2023, Bitcoin miners are undeterred by the climb in difficulty. Over the past seven days, the hashrate has maintained a robust average of 417 EH/s, reaching an all-time high of 433 EH/s on September 19.
Currently, there are a total of 43 mining pools contributing their SHA256 hashrate to the Bitcoin network. Just two days ago, the hash price index dropped below $60 per petahash daily, but with BTC’s price rebounding, it has now reached $61.32 per petahash daily.
Foundry USA Dominates with Highest Hashrate Share
In the last 30 days, bitcoin miners have produced 4,414 block rewards, and Foundry USA has claimed 1,296 of these blocks. This gives Foundry USA a significant share of 29.36% in total hashrate.
Antpool comes in second place among mining pools, having found 1,043 blocks in the previous month and accounting for 23.63% of the 30-day hashrate aggregate. F2pool, Viabtc, and Binance Pool follow closely behind.
Other Pools Contribute to Network Strength
While Foundry and Antpool make up 52.99% of the hashrate over the past month, the remaining top three pools contribute an additional 30.77% to the network’s total hashrate. Despite recent difficulty adjustments not affecting miners significantly, projections indicate an increase in difficulty on October 3.
Hot Take: Bitcoin Miners Show Resilience Amid Rising Difficulty
Despite the increasing difficulty in mining Bitcoin, miners have proven their resilience as the hashrate remains strong. Foundry USA has emerged as the dominant pool, holding the largest share of the total hashrate over the past 30 days. This demonstrates the continued interest and investment in Bitcoin mining, even in the face of challenges. As the network continues to grow and evolve, miners will likely adapt to overcome future difficulties and maintain a robust hashrate.
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