Bitcoin Hashrate Decreased by 16%

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Kataryna Kovtun May 13, 2020

BITXMI.COM

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Bitcoin hashrate decreased by about 16% after the third reduction in block rewards (halving).

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According to The Block, the daily income of miners fell by about 44% after halving — from $ 16.1 million to $ 9 million. Most older miners, such as Antminer S9, are now unprofitable. Miners of the new generation — Antminer S17 and Whatsminer M30S — remain profitable.

Bitcoin Hashrate Decrease

The hash rate decreased from ~ 122 EH/s to ~ 102 EH/s. Of the four largest mining pools (F2Pool, Poolin, Antpool, BTC.com) Poolin lost the largest share of hashrate (about 30%), while BTC.com lost the smallest — a little more than 10%.

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The average interval between blocks increased slightly after halving — up to 10 minutes 32 seconds. The next mining difficulty adjustment will occur in 5 days. It is estimated that difficulty will be reduced by approximately 2%.

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