More than 53% of BTC’s total hashrate is controlled by two Bitcoin mining pools.

Bitcoin’s hashrate has increased from the low 170 exahashes per second (EH/s) recorded this week to over 300 exahashes after a number of bitcoin mining facilities in Texas went offline temporarily on December 25, 2022. Furthermore, three-day hashrate distribution statistics collected on December 29, 2022, show that two mining pools control more than 50% of the worldwide hashrate.

Two mining entities currently produce more than half of the global hashrate, and Bitcoin mining difficulty is expected to fall significantly in the next five days.

On the evening of December 28, 2022, the computational processing power behind the Bitcoin (BTC) network reached 300 EH/s. Three days before the increase, BTC’s hashrate fell to a low of 170 EH/s on December 28, 2022, when Texas bitcoin miners reduced their hashpower to relieve the grid of any excess stress.

The majority of the SHA256 hashpower returned the next day, with Bitcoin.com News reporting that it had climbed back to 240 EH/s by 12:00 p.m. (ET). Following Wednesday’s rise above 300 EH/s, Thursday’s statistics indicate the total network hashrate at 250.57 EH/s. Furthermore, two mining pools have acquired more than 50% of the network’s total hashrate over the last three days.

This, of course, has led to criticism of the network and charges of centralization this week. On December 29, Foundry USA holds 31.45% of overall hashrate, while Antpool controls 21.87% of the current 250.57 EH/s on Thursday morning (ET). Antpool and Foundry control 53.32% of the total hashrate for Bitcoin.

This, of course, has led to criticism of the network and charges of centralization this week. On December 29, Foundry USA holds 31.45% of overall hashrate, while Antpool controls 21.87% of the current 250.57 EH/s on Thursday morning (ET). Antpool and Foundry control 53.32% of the total hashrate for Bitcoin.

After the Bitcoin network’s mining difficulty retarget on December 19, 2022, at block height 768,096, increased by 3.27%, the network’s difficulty is predicted to decrease significantly on January 3, 2023. According to current estimations, the difficulty decrease might be between 7.39% and 8.1% lower than the current difficulty metric.

On a few occasions, block production times have been faster than the 10-minute average at 9:33 minutes, but the vast majority of recent block intervals have been longer than the 10-minute average at roughly 10:54 minutes. The most profitable SHA256 bitcoin mining machine at the time of writing is the Bitmain Antminer S19 XP Hyd., which has 255 terahash per second (TH/s) of hashpower.

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