Bitcoin’s hashrate has surged to a new all-time high (ATH) according to Bitcoin Magazine. The new peak signals growth in mining activity and network security.
Besides that, Bitcoin’s price has also risen alongside the hashrate. As of writing, BTC was trading at $118,900, up 0.65% in the last 24 hours. Over time, hashrate and price followed similar growth curves, which is usually an indication of correlation between miner confidence and market value.
Top Pools Dominate Mining Landscape
According to the latest mempool data, Foundry USA is at the top of the leaderboard, with 302.50 EH/s and having mined 48 blocks. This gives them a 30.38% share of the network. In second place is AntPool with 170.16 EH/s and 27 blocks, followed closely by F2Pool, which has 157.55 EH/s and 25 blocks. ViaBTC managed to produce 20 blocks at a rate of 126.04 EH/s, while SpiderPool rounded out the top five with 10 blocks and 63.02 EH/s.
Each of these pools maintained nearly perfect health scores and reported no empty blocks. However, block fee revenues have dropped. ViaBTC saw the biggest fall, with average fees plunging by 20.95%.
Rising Hashrate Triggers Regulatory Pressure
According to Onesafe, a higher hashrate strengthens Bitcoin’s defense against attacks like the 51% threat. However, it also introduces new risks. The report illustrates that the better the mining, the more aggressive the competition becomes, with companies thus channeling more resources into hardware and energy.
On the other hand, Europe, through MiCA, is putting special emphasis on energy consumption and sustainability issues. Henceforth, the mining companies are about to be upgraded to a level of stringent compliance with regard to emissions and transparency issues.
Also Read: Bitcoin Touches $120K, Ethereum Eyes $4K After US-EU Tariff Deal
