explained unexpected halving behavior<\/a> with the absurdly low electricity costs in China, leaving the mining community undeterred by lower profits from reward halving.
<\/p>\n\n\n\nAlthough the hashrate had previously peaked at levels above 71.43EH\/s in June – and even reached 80EH\/s on August 1st – this marks the first sustainable two week average about 70EH\/s. This increased pressure has led to a record high mining difficulty, approaching 10 trillion.
<\/p>\n","protected":false},"excerpt":{"rendered":"
Despite recent concerns voiced by the International Energy Agency (IEA), the energy consumption of Bitcoin mining has hit another milestone.\u00a0 According to network status information from BTC.com, the average Bitcoin hashrate in the last two weeks has reached 71.43 EH\/s (Exahash per second), a 10.8% increase from July 23rd\u2019s hashrate of 64.49EH\/s. This milestone was overcome as Bitcoin adjusted its mining difficulty on Monday, at block height 586,672. Assumably, the large discrepancy in weekly hashrates has come from ASIC miners, […]<\/p>\n","protected":false},"author":45,"featured_media":54757,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[800,1100],"tags":[126,277,185],"_links":{"self":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/54970"}],"collection":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/users\/45"}],"replies":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/comments?post=54970"}],"version-history":[{"count":0,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/54970\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media\/54757"}],"wp:attachment":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media?parent=54970"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/categories?post=54970"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/tags?post=54970"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}