Once upon a time, not too long ago, the mighty Bitcoin network flexed its muscles at an all-time high of 926 exahash per second (EH/s). But alas! Since April 17, about 52 cheeky EH/s decided to play hooky and vanished into the digital mist, leaving us with a modest 868 EH/s. 🤯
The Great Difficulty Spike and the Case of the Sluggish Blocks 🕵️♂️
Just last Thursday, Bitcoin was puffing out its chest at 920 EH/s, nearly matching its April 8 record. But the next thing you know, 52 EH/s packed their bags and went on vacation, leaving a slightly less impressive 868 EH/s today. Maybe they got bored? 🍃
Meanwhile, miners’ wallets are looking a bit fatter, thanks to the hashprice—which is just a fancy way of saying how much one petahash gets paid per second—jumping from $43.53 to $45.73 by 11 a.m. Eastern on Monday. Bitcoin crossing the $88,000 line nudged mining revenue upward like a carrot on a stick. 🥕💰
But wait! On April 19 at block 893,088, the network cranked up its difficulty to a mind-boggling 123.23 trillion—a bit like making a cryptographic puzzle that’s harder than your grandma’s crossword. This was the fourth time since block 887,040 that the difficulty got spicier, making miners sweat a little more for their digital gold. 💪🧩
These twists and turns show how miners are like well-trained circus performers, balancing their rigs between greed and grit, responding to the economic slap and tickle of blockchain incentives. As mining gets tougher but paydays get sweeter, the Bitcoin beast keeps on chugging like a steam engine with flaming resilience. 🚂🔥
After this latest difficulty boot and the hashrate’s little disappearing act, block times are now lounging around 10 minutes and 57 seconds. That’s a slow dance compared to the usual beat! Rumor has it the next difficulty adjustment on May 4, 2025, might ease the pressure by around 8.7%, but who’s counting? Well, we are… obviously. 🕰️😉
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2025-04-21 22:57