Bitcoin Miners Brace for Another Projected Difficulty Increase as Hashrate Heats Up Amid Market Uncertainty – Mining Bitcoin News

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The next Bitcoin difficulty change, set to occur on March 10, is estimated to increase more than 3% as block times have been faster than the 10-minute average.

Thirty-day, three-day, and 24-hour statistics indicate that Antpool is the second-largest mining pool during those periods. Out of the 4,557 blocks mined since Feb. 5, 2023, Antpool discovered 815 blocks, accounting for 17.88% of the global hashrate in a month’s time. Foundry and Antpool were followed by F2Pool , Binance Pool , and Viabtc .spot prices as the price has dropped more than 8% over the past two weeks.

Miners were earning more fees from the Ordinal inscription trend as fees jumped to 3.5% of a block reward value on Feb. 16. BitcoinData shows that network fees equate to 2.1% of a block reward at the time of writing. Despite the challenges, many bitcoin mining pools have remained strong and contributed to an increase in the global hashrate.

 

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