Bitcoin hashprice rose 20.41% over the four days from Aug. 18 to Aug. 22, increasing from $31.80 per PH/s to $38.29 per PH/s, according to a report cited by Odaily. Hashprice is used to measure mining revenue generated by a given amount of computational power, and the move translated into higher miner income.
As of Aug. 22, the Bitcoin network had 133 large, medium-sized, and small mining pools and individual mining operations contributing hashrate. Foundry USA led with 214.73 EH/s, followed by Antpool at 156.17 EH/s, F2pool at 110.62 EH/s, and ViaBTC at 91.02 EH/s. Total network hashrate had climbed to about 922 EH/s, close to 1 ZH/s.
So far in August, miners have earned $682.69 million from block subsidies and transaction fees combined. Of that total, transaction fee revenue accounted for $5.14 million, below July’s $875 million. On Aug. 22, the average Bitcoin block interval stood at 10 minutes and 5 seconds, while current data showed the day’s difficulty adjustment was expected to decline by about 1%. At an electricity cost of $0.10 per kilowatt-hour, Bitmain’s Antminer S23 Hydro 3U was estimated to generate $17.86 in daily profit.
Bitcoin hashprice rose 20.41% over the past four days, climbing from $31.80 per PH/s on Aug. 18 to $38.29 per PH/s on Aug. 22, according to an Odaily report citing Bitcoin.com News. Hashprice measures mining revenue tied to a specific amount of hashrate, and the increase pushed miner income higher.
Network hashrate nears 1 ZH/s
As of Aug. 22, the Bitcoin network had 133 large, medium-sized, and small mining pools as well as individual mining operations contributing hashrate. Foundry USA ranked first with 214.73 EH/s. Antpool posted 156.17 EH/s, F2pool stood at 110.62 EH/s, and ViaBTC reached 91.02 EH/s.
Total Bitcoin network hashrate had risen to about 922 EH/s, putting it close to 1 ZH/s.
August mining revenue and difficulty outlook
Miners have earned $682.69 million so far in August from block subsidies and transaction fees combined. Transaction fees contributed $5.14 million of that amount, below July’s $875 million.
On Aug. 22, the average block interval on the Bitcoin network was 10 minutes and 5 seconds. Current data showed the day’s difficulty adjustment was expected to fall by about 1%. Using an electricity price of $0.10 per kilowatt-hour, Bitmain’s Antminer S23 Hydro 3U was estimated to produce $17.86 in daily profit.
The figures were attributed to Bitcoin.com News in the Odaily brief.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
