Despite the fact that profits are lower than last month, miners keep the hashrate running strong. The network’s hashrate over the last seven days has ranged from 180 EH/s up to 261 EH/s, with a weekly average of 212.6 EH/s.
Bitcoin’s U.S. Dollar value briefly fell to $17,593 per Unit on June 18, 2022 but quickly recovered to the $19K to $11K range. Bitcoin miners could access Bitmain Antminer Pro devices at 110 terahash per sec (TH/s), and pay $0.12 per kilowatt hour (kWh) to get around.
At $0.12 per kWh, Antminer Pro machines are losing in operational costs today. However, the majority of bitcoin miners looking to make a profit in today’s market will likely pay far less for electricity than $0.12/kWh. This would allow them to increase their revenues.
The network was moving at 212.98 EH/s around the same time. 448 blocks were also discovered within a three-day period. In the three days preceding July 1, 2022 miners discovered 455 blocks.
The number of Bitcoin Mining Pools has fallen in the past 30 days
Foundry USA, the largest mining pool with 42.79 EH/s dedicated for the Bitcoin chain, was the dominant one a month ago. Foundry USA now commands 44.28 EH/s, 30 days after it captured 94 of the 455 blocks.
Although Foundry remains the most popular mining pool, Antpool has 33.92 EH/s while F2pool has 29.68 EH/s. Unknown or stealth miners donated 3.33 EH/s last month to the Bitcoin chain. Currently, the unknown hashrate stands at 3.30 EH/s.
There were 14 mining pools and stealth miners on May 30, 2022. Today, there are only 11 mining pools. The unknown hashpower dedicating to the Bitcoin blockchain is not yet known. In three days, the Bitcoin network will see an increase in difficulty adjustment algorithm (DAA).
It is 0.3% higher than the current 29.57 trillion difficulty measure. If BTC price rises, miners will feel more pressure if they have a higher DAA shift. At $0.12 per kWh, the majority of bitcoin mining rigs that have lower hashrate ratings do not make money with the electricity they draw from the wall.
