The total hashrate on the Bitcoin network has updated its ATH at 179.4 EH/s.
On April 2, the mining difficulty increased by 5.82% after a new recalculation, reaching 23.14T.
Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.
Ethan Vera, CFO of mining company Luxor, has said mining even with ASIC devices from 2014 is now profitable due to the high price of BTC and the shortage of mining devices. He has explained:
"The run up in Bitcoin price paired with a shortage on ASIC chips has caused mining economics to turn favorably to miners, with many miners running at 85%+ mining margins."