{"id":1155,"date":"2022-01-16T01:35:48","date_gmt":"2022-01-16T01:35:48","guid":{"rendered":"http:\/\/cryptoheretostay.com\/?p=1155"},"modified":"2022-01-16T01:35:49","modified_gmt":"2022-01-16T01:35:49","slug":"bitcoins-hashrate-taps-new-lifetime-high-btc-price-20-above-production-cost-difficulty-nears-ath","status":"publish","type":"post","link":"https:\/\/cryptoheretostay.com\/?p=1155","title":{"rendered":"Bitcoin&#8217;s Hashrate Taps New Lifetime High, BTC Price 20% Above Production Cost, Difficulty Nears ATH"},"content":{"rendered":"<p> <script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"crypto\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<\/p>\n<p><strong>Bitcoin\u2019s hashrate has been riding high again as the processing power tapped another lifetime high on January 15, 2022, reaching 219.68 exahash per second (EH\/s). The new record follows the previous all-time high (ATH) on the first day of the year, when the network\u2019s hashrate tapped 219.5 EH\/s.<\/strong><\/p>\n<h2>Bitcoin\u2019s Hashrate Hits a Milestone, Analyst Discusses Miner Capitulation, Estimated Bitcoin Production Cost<\/h2>\n<p>Bitcoin miners are dedicating a lot of SHA256 processing power to the BTC network on January 15, as the network quickly reached an ATH just after 12:00 a.m. (EST). The record was just a hair above the previous ATH on January 1, at 219.5 EH\/s as today\u2019s hashrate reached a high of 219.68 EH\/s. At the time of writing, the network\u2019s hashpower is coasting along at 199 EH\/s.<\/p>\n<\/p>\n<p>The rise follows the recent drop in hashrate that happened while citizens of Kazakhstan revolted against the government and the internet was temporarily shut off in the country. It was widely speculated that the hashrate dropped 15% because of the issues in Kazakhstan but miners in the region claimed this was not the case. Data indicated at the time that BTC\u2019s price drop and mining difficulty increase contributed to the 15% loss in hashrate.<\/p>\n<p>In addition to the price drop and difficulty increase, estimates say the production cost to mine a single BTC today is $34K. Twitter account and analyst Venture Founder recently explained that the production cost price point is around 20% below the current value. \u201cThe worst dumps bitcoin ever had, were due to miners\u2019 capitulation (Dec 2018, Mar 2020), when bitcoin fell below production costs, it is at risk for miner capitulation,\u201d the analyst tweeted. Venture Founder added:<\/p>\n<p>[Bitcoin] was at risk for miner capitulation at $30k in May. The current production cost is $34k, 20% below [the] current price.<\/p>\n<h2>Bitcoin\u2019s Mining Difficulty Expected to Increase 3.8% in 5 Days to New All-Time High<\/h2>\n<p>While it was expected to happen two weeks ago, Bitcoin\u2019s mining difficulty will likely reach an all-time high during the next epoch change. The next difficulty change is expected to happen in just over 5 days from now and estimates indicate it might rise 3.83% higher than it is today. If it does rise to that point and reaches 25.31 trillion, Bitcoin\u2019s mining difficulty will reach another lifetime high.<\/p>\n<\/p>\n<p>The last mining difficulty ATH of 25 trillion was on May 13, 2021, and four difficulty decreases \u2014 including the largest epoch decrease ever \u2014 dropped the difficulty down a great deal. Since then, and after July 17, there\u2019s been a total of 12 difficulty increases and just one decrease.<\/p>\n<p>On Saturday, the largest bitcoin mining pool is F2pool with 15.57% or 28.88 EH\/s and the second-largest pool is Foundry USA with 15.55% or 28.80 EH\/s. Both pools have been jumping back and forth during the last few weeks in terms of Bitcoin\u2019s largest mining pool.<\/p>\n<p>Tags in this story<\/p>\n<p>15% loss, 199 EH\/s, 219.68 EH\/s, Bitcoin hashrate, Bitcoin Miners, BTC hashpower, BTC Hashrate, BTC miners, difficulty, Exahash, F2Pool, Foundry USA, Global Hashrate, Hashpower, Hashrate, Kazakhstan, Kazakhstan civil unrest, Miners, Mining Difficulty, Mining Pools, Over 200 EH\/s, pool distribution, pressure, Price<\/p>\n<p><em><strong>What do you think about the recent hashrate high recorded on January 15, 2022, and the upcoming mining difficulty ATH that is expected to happen in five days? Let us know what you think about this subject in the comments section below.<\/strong><\/em><\/p>\n<p>Jamie Redman <\/p>\n<p class=\"article__body__author__info__about\">\nJamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News about the disruptive protocols emerging today.<\/p>\n<p><i class=\"td-icon-font td-icon-twitter\"\/><\/p>\n<p class=\"images_credits\"><em>Image Credits: Shutterstock, Pixabay, Wiki Commons<\/em><\/p>\n<p><strong>Disclaimer<\/strong>: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.<\/p>\n<p>More Popular NewsIn Case You Missed It<\/p>\n<p><script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"bitcoin\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<br \/><a href=\"https:\/\/news.bitcoin.com\/bitcoins-hashrate-taps-new-lifetime-high-btc-price-20-above-production-cost-difficulty-nears-ath\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin\u2019s hashrate has been riding high again as the processing power tapped another lifetime high on January 15, 2022, reaching 219.68 exahash per second (EH\/s). The new record follows the previous all-time high (ATH) on the first day of the year, when the network\u2019s hashrate tapped 219.5 EH\/s. Bitcoin\u2019s Hashrate Hits a Milestone, Analyst Discusses [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1156,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_wp_rev_ctl_limit":""},"categories":[1],"tags":[],"class_list":["post-1155","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-updates"],"_links":{"self":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/1155","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1155"}],"version-history":[{"count":1,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/1155\/revisions"}],"predecessor-version":[{"id":1157,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/1155\/revisions\/1157"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/media\/1156"}],"wp:attachment":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1155"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1155"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1155"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}