Bitcoin hashrate has updated its all-time high

by in Cryptocurrency News

Hashrate

The total amount of computing power in the network of the first cryptocurrency reached a record high of 179.4 EH/s.

On April 2, a recalculation of the difficulty of bitcoin mining took place - the indicator increased by 5.82%, reaching a record 23.14 T.

Ethan Vera, CTO of the Luxor mining pool, told CoinDesk that high bitcoin prices and a shortage of chips made mining profitable even on ASIC devices in 2014.

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“Many miners are now operating at 85% margins. There is practically no unprofitable equipment, ”he explained.

In March NiuLian Technology, a subsidiary of The9 Ltd, a company listed on Nasdaq, acquired ASIC devices from Bitmain and MicroBT.

American mining company Marathon Digital Holdings reported in its first-quarter 2021 report that it received approximately 10,300 Antminer S-19 Pros from Bitmain in the first three months.