First In History: Bitcoin Miners Now Need More Than 1 EH/s Of Power To Mine 1 BTC
Summary
Bitcoin miners now require over 1 EH/s of daily computing power to mine 1 token, a new all-time high. The Hashrate, measuring miners' computing power, is near its ATH at 638 EH/s. Despite increased power, block time remains constant due to biweekly Difficulty adjustments. The recent spike in Hashcoin is attributed to the fourth Halving on April 19th, which halved block rewards, requiring 1.13 EH/s to mine a token daily. Bitcoin is currently trading at around $62,900, down 5% over the past week.
