Bitcoin Hashrate Rebounds

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Avatar for Ifeoluwa
3 years ago

Mining bitcoin is a competitive industry. The mining competition grows stronger each and every year. After the Bitcoin (BTC) network’s third halving, a number of miners dropped off the network. During the worst of it, the overall SHA256 hashrate lost around 47 exahash per second (EH/s).

Since then the hashrate has increased around 15 to 20 EH/s, depending on which monitoring tool you use. For instance, Blockchain.com’s data shows the hashrate measured on May 27, 2020, is around 92EH/s. According to the web portal fork.lol, which gives a closer look at today’s current hashrate, data shows the BTC hashrate is above the 100EH/s zone.

Last week, news.Bitcoin.com’s post halving mining report had shown that there were only 17 pools at that time. Today there are 32 BTC mining pools and F2pool is still the most dominant mining operation. A number of smaller farms and pools seemed to have joined the fray during the last seven days.

Today there is F2pool, Btc.com, Poolin, Antpool, Viabtc, Slushpool, Huobi, Btc.top, 58coin&1thash, Bitfury, Okex, Bytepool, Novablock, Wayi.cn, Bitcoin.com, Lubian, Spiderpool, Bixen, Bitclub, Binance, 1m1x, Ukrpool, Mining City, Kanopool, Bitminter, Hummerpool, Solock, Ckpool, Eobot, Luxor, and Tiger Pool.

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