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Bitcoin Hashrate Jumps 110% From 69 Exahash Low, Hash Climbs 53% Over the Last 30 Days

30-day statistics show that Bitcoin’s hashrate has jumped much higher since the price of bitcoin increased during the last month. While bitcoin’s price has risen by 53% over the last month, the hashpower securing the network has increased 110% from the 69 exahash per second (EH/s) low to today’s 145 EH/s.

Bitcoin’s Hashrate Follows the Price Jump

The cryptocurrency network Bitcoin (BTC) has seen a significant jump in hashrate since the low of 69 EH/s. A month ago, BTC’s hashpower had already improved, reaching 96 EH/s on July 22.

Bitcoin Hashrate Jumps 110% From 69 Exahash Low, Hash Climbs 53% Over the Last 30 Days
Bitcoin (BTC) network hashrate on August 21, 2021, via coinwarz.com 30-day stats.

Monthly data from coinwarz.com shows since then, BTC’s hashrate climbed 51.04% and has continued to rise higher. The increase in hashpower dedicated to the Bitcoin blockchain is making it so the difficulty change expected in four days will see an increase.

Bitcoin Hashrate Jumps 110% From 69 Exahash Low, Hash Climbs 53% Over the Last 30 Days
Bitcoin (BTC) network difficulty estimate via Btc.com on August 21, 2021.

This means that BTC’s mining difficulty adjustment will see three increases in a row. The first increase since the 27.94% decrease milestone, happened after a 4.81% decrease and increased by 6.03%.

Five Pools Command 67% of the Hashrate

The very last difficulty change saw an increase of 7.31% and four days from now estimates indicate another increase is due of about 7.61% from 15.56 trillion to 16.74 trillion. Of course, with four days left, the Bitcoin mining difficulty increase estimate of 7.61% could change.

Bitcoin Hashrate Jumps 110% From 69 Exahash Low, Hash Climbs 53% Over the Last 30 Days
Bitcoin (BTC) network hashrate distribution on Saturday, August 21, 2021.

On Saturday, BTC tapped a 30-day high at $49,745 per unit and bitcoin miners are getting a lot more profit than they did last month. Today’s top five mining pools include Antpool, Poolin, Btc.com, Viabtc, and F2pool. Collectively these five pools command 67.28% of the global hashrate on Saturday.

Source: News.Bitcoin.com