Bitcoin’s Hashrate Remains Stronger Than Ever in the Face of Crypto Winter Prices and…

Bitcoin.com | Oct 22, 2022 at 4:00 AM
  • Despite the fact that bitcoin miners are getting bare minimums in profits per petahash per second (PH/s), and the myriad of headlines showing specific mining operations folding from the crypto winter, the network’s total hashrate continues to chug along at close to 300 exahash per second (EH/s).
  • Currently, Bitcoin’s difficulty is at an all-time high (ATH) at 35.61 trillion and the next change is scheduled to happen in less than two days on or around October 23, 2022.
  • When this trend occurs, the blockchain network’s mining difficulty will increase in order to make it tougher for miners to find a BTC block.