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New data from the Bitcoin network showed that the hashrate hit a new all-time high. On December 8, 2021, it was at a record level of 194.95 exahashes per second (EH / s).

The year 2021 was one that was associated with several records for the popular cryptocurrency. There were some all-time highs against the US dollar, including the one on November 10 of 69,000 US dollars. And the Bitcoin hashrate was also able to set a new record on May 9 with 191.42 EH / s.

Since Bitcoin prices have fallen by about 26 percent since then, the Bitcoin hashrate has shot to another lifetime high, reaching 194.95 EH / s on December 8th. At the moment, the most popular cryptocurrency is still at a strong level with a price of around $ 50,000 per coin. This also pleases the users of bitqt.

Things have changed a lot since the last all-time high in hash rate on May 9, when BTC saw the biggest drop in mining difficulty in its history, falling 27.94 percent. After a further decrease of 4.81 percent, the difficulty has risen nine times in a row since then.

In terms of the difficulty of mining, it is almost as difficult to mine BTC as it was on May 13th with a difficulty parameter of 25 trillion. Right now, after the epoch change on December 11th, the difficulty is 24.1 trillion, which is just a little below the all-time high for difficulty.

BTC mining is still profitable as a machine that produces 110 terahash per second at $ 0.12 per kilowatt hour (kWh) makes about $ 22 per day at today’s BTC exchange rates.

That is quite a respectable figure. Nevertheless, most Bitcoin investors prefer to rely on the coins that have already been mined and trade with them.

Sources: PublicDomain on December 23, 2021

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