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despite the low price bitcoins hashrate remains elevated as difficulty taps an all time high

Despite its low price, Bitcoin hashrate remains high as the difficulty level reaches new highs.

Despite the Low Price, Bitcoin's Hashrate Remains Elevated as Difficulty Taps an All-Time High

After reaching an all-time high on May 02, at block height 734,577, Bitcoin’s hashpower has stayed high. While Bitcoin miners continue to look for blocks, the network’s difficulty has increased again after the last rise on May 10.

Despite the Low Price, Bitcoin's Hashrate Remains Elevated as Difficulty Taps an All-Time High

With a difficulty of 31.25 trillion, mining Bitcoin is more tough than it has ever been (BTC). On the Bitcoin network, 1,035 blocks were mined in the last seven days, three of which were empty.

Foundry USA is the top miner this week, with 211 blocks discovered. If a miner generates 52 TH/s and pays $0.12 per kWh in electricity, they will earn around $0.22 per day in BTC.

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