Bitcoin’s difficulty has reached an all-time high at 43.55 trillion. The network’s hashrate is still above the 300 exahash/s range at 319.86 EH/s. The U.S. dollar has seen Bitcoin rise 26.2% in the past two weeks. This has helped bitcoin miners greatly. BTC is now higher than the cost it takes to mine it.
Two consecutive difficulty rises were experienced by bitcoin miners in the last month. The first was a jump of 9.5% on February 24, 2023 and the second a rise of 1.16% on March 10, 2019. Block interval times, which are the time between each block is mined, have not increased in bitcoin miners. Block times currently range between nine and 28 seconds, and nine and 31 seconds.
The estimated difficulty change for Friday March 24th is between 2.51% to 5.7%, which is higher than the current 43.55 Trillion. The difficulty could rise to 50 trillion hashes if miners continue or accelerate their pace. The target range is currently between 44.64 trillion to 49.25 trillion, according to current estimates.
Mining distribution statistics reveal that Foundry USA is the current top bitcoin mining pool with 97.22 EH/s, or 30.31% global hashrate. Antpool follows Foundry with 61.03EH/s and F2pool 46.13EH/s. According to three-day metrics, 84.52% of global hashrate was held by the top five bitcoin mining pool, which includes Antpool, F2pool and Binance Pool.