{"id":2350,"date":"2022-03-05T01:23:22","date_gmt":"2022-03-05T01:23:22","guid":{"rendered":"http:\/\/cryptoheretostay.com\/?p=2350"},"modified":"2022-03-05T01:23:22","modified_gmt":"2022-03-05T01:23:22","slug":"bitcoin-miners-catch-a-break-as-mining-difficulty-drops-for-the-first-time-in-3-months","status":"publish","type":"post","link":"https:\/\/cryptoheretostay.com\/?p=2350","title":{"rendered":"Bitcoin Miners Catch a Break as Mining Difficulty Drops for the First Time in 3 Months"},"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 miners got a small break on March 3, after the network\u2019s mining difficulty shifted downward for the first time since November 28, 2021. Bitcoin\u2019s hashrate has remained high meandering between 180 to 220 exahash per second (EH\/s) over the last week, but the leading crypto asset\u2019s price has shed more than 3% during the last 24 hours.<\/strong><\/p>\n<h2>Bitcoin Difficulty Drops 1.49% at Block Height 725,760<\/h2>\n<p>Bitcoin\u2019s hashrate remains high and at the time of writing, the network\u2019s processing power is around 189.56 EH\/s or 189,564,917,409,516,800,000 hashes per second (H\/s). The hashrate has been coasting along at 180 to 220 EH\/s during the last seven days following a small drop in hashpower that took place five days ago.<\/p>\n<p>At that time, estimates expected the mining difficulty to increase by 1.18% to 27.64 trillion. However, the March 3, 2022, difficulty change at block height 725,760, decreased for the first time in months. In fact, the last mining difficulty decrease the network experienced was recorded 96 days ago on November 28, 2021. The decrease on Thursday was a 1.49% change lower bringing the difficulty down to 27.55 trillion.<\/p>\n<\/p>\n<p>While it\u2019s not much of a change, it does make it 1.49% less difficult for a bitcoin miner to find a BTC block subsidy often referred to as a block reward. Prior to the downward shift, the network saw a total of six consecutive mining difficulty increases, which made it much harder for mining participants to find block rewards.<\/p>\n<p>The 1.49% difficulty drop on March 3 is helpful but at the same time, 24-hour statistics show at the time of writing, BTC\u2019s value has lost 3.8% against the U.S. dollar. Bitcoin\u2019s (BTC) current fiat value makes Bitmain\u2019s Antminer S19 Pro (110 TH\/s), Microbt\u2019s Whatsminer M30S++ (112 TH\/s), and Canaan\u2019s Avalonminer 1246 (90 TH\/s) profits drop lower than last week.<\/p>\n<p>The aforementioned mining rigs get $8.24 to $12.75 per day, using current BTC prices and paying $0.12 per kilowatt-hour (kWh) for electricity. Mining devices like Innosilicon\u2019s T2 Turbo+ (32 TH\/s) mining rig, Bitmain\u2019s Antminer S11 (20.5 TH\/s) are not seeing a profit today, with current BTC prices and paying $0.12 per kWh.<\/p>\n<p>Over the last three days, Foundry USA has been the top mining pool globally with 18.41% of the global hashrate, and roughly 36.49 EH\/s of processing power. The U.S. mining operation Foundry USA has been a top miner for weeks on end this year, and the pool has obtained 79 block rewards over the last 72 hours.<\/p>\n<p>The second-largest mining pool over the three-day span is Bitmain\u2019s Antpool with 15.62% of the global hashrate. Antpool has found 67 blocks in 72 hours leveraging 30.95 EH\/s of processing power. There are approximately 11 known BTC mining pools today, while unknown hashrate commands 1.64% of the world\u2019s BTC hashpower, with around 3.24 EH\/s of SHA256 processing power.<\/p>\n<p>Tags in this story<\/p>\n<p>1.49%, antminers, Antpool, Avalonminers, Bitcoin, Bitcoin (BTC), Bitcoin mining, Bitmain, Block Height 725760, BTC, Canaan, difficulty decrease, difficulty drop, Foundry USA, Hashpower, Hashrate, Microbt, mining, Mining BTC, Mining Difficulty, Processing Power, Whatsminers<\/p>\n<p><em><strong>What do you think about Bitcoin\u2019s mining difficulty dropping 1.49% lower? 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\/bitcoin-miners-catch-a-break-as-mining-difficulty-drops-for-the-first-time-in-3-months\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin miners got a small break on March 3, after the network\u2019s mining difficulty shifted downward for the first time since November 28, 2021. Bitcoin\u2019s hashrate has remained high meandering between 180 to 220 exahash per second (EH\/s) over the last week, but the leading crypto asset\u2019s price has shed more than 3% during the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2351,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_wp_rev_ctl_limit":""},"categories":[1],"tags":[],"class_list":["post-2350","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\/2350","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=2350"}],"version-history":[{"count":1,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/2350\/revisions"}],"predecessor-version":[{"id":2352,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/2350\/revisions\/2352"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/media\/2351"}],"wp:attachment":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2350"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2350"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2350"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}