Bitcoin hash rate hits all-time high

Bitcoin hash rate hits all-time high.

The aggregate computing power of the network behind the world’s leading cryptocurrency reached a record 179.4 EH/s.

On April 2, the Bitcoin mining difficulty recalculation occurred — the metric rose by 5.82%, reaching a record 23.14 T.

Luxor’s mining pool chief technology officer Ethan Vera told CoinDesk in an interview that high Bitcoin prices and chip shortages have made mining profitable even with 2014-era ASIC devices.

“Many miners are currently operating with margins of 85%. There is virtually no unprofitable equipment,” he explained.

Earlier in March, NiuLian Technology, the Nasdaq-listed subsidiary of The9 Ltd, acquired ASIC devices from Bitmain and MicroBT.

American mining company Marathon Digital Holdings, in its Q1 2021 report, said that in the first three months it received about 10,300 Antminer S-19 Pro from Bitmain.

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