{"id":47666,"date":"2020-05-30T09:01:24","date_gmt":"2020-05-30T09:01:24","guid":{"rendered":"https:\/\/www.cryptocabaret.com\/?p=47666"},"modified":"2020-05-30T09:01:24","modified_gmt":"2020-05-30T09:01:24","slug":"bitcoin-hashrate-bounces-back-2x-the-mining-pools-farm-diversification-100-exahash","status":"publish","type":"post","link":"https:\/\/www.cryptocabaret.com\/?p=47666","title":{"rendered":"Bitcoin Hashrate Bounces Back- 2x the Mining Pools, Farm Diversification, 100 Exahash"},"content":{"rendered":"

\"\"<\/p>\n

Around 18 days ago, the Bitcoin protocol experienced it’s third block reward halving and the network saw a 33% hashrate loss. Since then, however, bitcoin miners have increased in both number and hashpower, as the network has seen a 15-20 exahash per second (EH\/s) increase. Moreover, on May 22, there were 17 mining pools hashing away at the Bitcoin network and now there are 32 pools. <\/strong><\/p>\n

Bitcoin Hashrate Rebounds<\/h2>\n

Mining bitcoin is a competitive industry. The mining competition grows stronger each and every year. After the Bitcoin (BTC<\/a>) network’s third halving, a number of miners dropped off the network. During the worst of it, the overall SHA256 hashrate lost around 47 exahash<\/a> per second (EH\/s).<\/p>\n

Since then the hashrate has increased around 15 to 20 EH\/s, depending on which monitoring tool you use. For instance, Blockchain.com’s data shows the hashrate measured on May 27, 2020, is around 92 EH\/s<\/a>. According to the web portal fork.lol, which gives a closer look at today’s current hashrate, data shows the BTC<\/a> hashrate is above the 100 EH\/s zone<\/a>.<\/p>\n

\"\"<\/p>\n

Last week, news.Bitcoin.com’s post-halving mining report<\/a> had shown that there were only 17 pools at that time. Today there are 32 BTC<\/a> mining pools and F2pool is still the most dominant mining operation. A number of smaller farms and pools seemed to have joined the fray during the last seven days.<\/p>\n

\"\"<\/p>\n

Today there is F2pool, Btc.com, Poolin, Antpool, Viabtc, Slushpool, Huobi, Btc.top, 58coin&1thash, Bitfury, Okex, Bytepool, Novablock, Wayi.cn, Bitcoin.com, Lubian, Spiderpool, Bixen, Bitclub, Binance, 1m1x, Ukrpool, Mining City, Kanopool, Bitminter, Hummerpool, Solock, Ckpool, Eobot, Luxor, and Tiger Pool.<\/p>\n

Next-Generation Mining Rig Shipments and Whatsminer Orders Diversify Into the US and Europe<\/h2>\n

Reports also noted last week that officials from Sichuan China were allegedly giving mining operations in the region a hard time. Purportedly mining operations had been dealing with electrical shortages, and some operations were allegedly<\/a> forced to shut down machines. More recent reports from China say that bitcoin miners expect the BTC<\/a> hashrate to rise.<\/p>\n

One report highlights the situation when the columnist, lylian Teng, discussed the subject<\/a> with a few bitcoin mining industry leaders from Chengdu. According to miners from the region, the latest next-generation Antminers<\/a> have been shipped to large farms. Both S19s and Microbt’s Whatsminer M30<\/a> series have allegedly been sent out to customers.<\/p>\n

\"\"<\/p>\n

Furthermore, lylian Teng talked to Whatsminer representative, Sully Yu, who told the reporter that despite deliveries and mining rig shipments, some mining operations are having difficulties.<\/p>\n

“The mining circle is suffering from big changes. It is those capitals who dare to buy (high-powered mining machines), small miners dare not,” Sully Yu told Teng. “Big capitals are eyeing on the long-term return from bitcoin mining, and the mining activity is developing into a large-scale, intensive, and refined industry. It will be unrealistic to expect a quick payback from mining like it used to.”<\/p>\n

Interestingly, Sully Yu also disclosed that Microbt has seen a lot more international orders. North America and Europe have accounted for 40% of the company’s latest orders according to Yu’s statements.<\/p>\n

What do you think about the hashrate increase and next-generation mining shipments? Let us know in the comments below. <\/strong><\/em><\/p>\n

The post Bitcoin Hashrate Bounces Back- 2x the Mining Pools, Farm Diversification, 100 Exahash<\/a> appeared first on Bitcoin News<\/a>.<\/p>\n

<\/ins>
\n