Upcoming Bitcoin halving pushes hash fee to all-time highs

by Cryptospacey

Fast Take

The Bitcoin community has seen a notable uptick in its hash fee, indicating rising mining exercise.

Following its first-ever 500 EH/s day on Sep. 15, the community skilled an analogous surge on Nov. 4 and 5, with hash charges reaching 521 and 514 EH/s, respectively. This implies a marked enhance within the variety of miners becoming a member of the community, a development doubtless linked to the anticipated Bitcoin halving occasion, which is about to happen in round 5 months or 24,436 blocks.

Bitcoin Hash Rate: (Source: Glassnode)
Bitcoin Hash Charge (Supply: Glassnode)

This enhance in mining exercise is anticipated to culminate in an upward adjustment to the community’s problem degree, presently projected to exceed 4% by the tip of the present problem epoch on Nov. 12.

Previous epochs have proven a correlation between the method of the halving and an increase within the hash fee, as miners search to maximise their features earlier than the rewards are halved.

Metric Worth
Newest Block 815562 (20 minutes in the past)
Present Tempo 104.9714% (1099 / 1046.95 anticipated, 52.05 forward)
Earlier Problem 61030681983175.59
Present Problem 62463471666732.73
Subsequent Problem between 64915823827967 and 65587573084463
Subsequent Problem Change between +3.9261% and +5.0015%
Earlier Retarget Oct. 30, 2023 at 3:50 AM (+2.3477%)
Subsequent Retarget (earliest) Sunday at 11:55 AM (in 6d 1h 35m 42s)
Subsequent Retarget (newest) Sunday at 3:13 PM (in 6d 4h 53m 15s)
Projected Retarget between 13d 8h 5m 13s and 13d 11h 22m 46s


The Miner Income per Exahash is a important metric that gives insights into the every day earnings of miners relative to their estimated contribution to the general community hash energy. It’s derived by dividing the full miner earnings, denominated in USD or Bitcoin (comprising each subsidy and charges), by the prevailing hash fee expressed in EH/s.

Because the competitors stiffens and the hunt for cost-effective vitality sources heightens, this ratio is predicted to lower over time. At the moment, the every day earnings per Exahash for miners is roughly $74,000 or round 2 BTC, underscoring the challenges they face in an more and more aggressive setting.

Miner Hash Price: (Source: Glassnode)
Miner Hash Worth (Supply: Glassnode)

The publish Upcoming Bitcoin halving pushes hash fee to all-time highs appeared first on CryptoSlate.

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