While bitcoin has been hovering above the $60K handle for a great majority of the last 28 days, the network’s hashrate has jumped considerably during that time as well.
The overall hashrate is 42% higher than it was three months ago and that was roughly a month after China’s crackdown on bitcoin miners.
In the last three months, hashrate averages show that at some points during the last three months, Bitcoin’s hashrate ran as high as 180 EH/s.
Because the hashrate has been gradually rising, Bitcoin’s network difficulty as of this weekend, will have adjusted upward nine times in a row.
Today, the top four mining pools command 58.6% of the network’s hashrate during the last three days.
If the new Bitmain Antminer S19 XP was in the wild today, it could pull in around $58.20 a day with its 140 TH/s hashpower.
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