BlocksInform
Bitcoin miners were wiped out by 2022. What appeared to be a year of adequate capital for expansion, high energy prices, increased competition and a bear market hit several mining giants.
After the winter slumber, Bitcoin miners are back again as mining difficulty noted over a 10% surge from 34.09 trillion to 37.59 trillion, according to data compiled by BTC.com
Following the development, a leading player in the space, f2pool tweeted,
“Bitcoin mining difficulty increased by 10.26%, to an ATH! In this 2-week cycle, if BTC can go above $23,000, machinery that is more efficient than 40W/T can operate with electricity profits of $0.08/kWh."
- The number that determines how hard it is to exploit a Bitcoin block comes in the middle of an uptrend in the price of crypto assets.
- Currently trading at $21,175, Bitcoin managed to wipe out losses from the collapse of Sam Bankman-Fried’s crypto empire two months back. The next change in difficulty should occur in two weeks, which could result in a slight decrease of 0.02%, at least at this time.
- Meanwhile, in just two weeks in the year, bitcoin mining hash put two new summits even in minor bankruptcy scientific nucleus extinguished 9,000 asics in December.
- This trend could potentially demonstrate hash moving from weak hands to strong hands. As of writing, the hash rate of Bitcoin hovers around 271.86 EH/s.
- In terms of mining pool distribution, Foundry USA commands the highest share with 35.5%, followed by AntPool with 20.9%, BINANCE Pool with 12.3%, and f2pool with 10.4%, among others, respectively.
