2018 was crazy about the price of cryptocurrencies that lost more than 80 percent of their value, losses reached unprecedented highs. Interestingly, the prices of major digital assets have fallen sharply, but the hashrate for coins with the SHA-256 algorithm took off from August to October.
Hashrate of the most popular coins in 2018
The total hashrate of BCH and BTC exceeded 65 EH/s in August. Today, the total hashrate of both networks is on average 42 EH/s since it has fallen over the past eight weeks. According to statistics from the Coin Dance service, currently miningMining
– is a type of activity for creating new blocks in the Blockchain to ensure proper system operation. Details on the Bitcoin Cash blockchainBlockchain
is a continuous and sequential block chain of information (digital linked list). When building a blockchain, copies of related blocks are simultaneously stored on multiple computers.Details is more profitable. In addition, according to the Coinwarz website, the BCH chain is today the third most profitable. Since the SHA-256 hashrate quickly declined during the first week of November, and on the 15th, the chain of BCH blocks was split.
On December 26, Bitcoin (BTC) and Bitcoin Cash (BCH) hashraits merged. However, due to splitting and falling prices, the network captures only 1.5-1.9 EH/s. Today the situation has improved significantly since the fall in prices. When the price was below $ 100, the hashrate was only 0.5 -9 EH/s.
ASIC in 2018
In 2018, there was also a lot of noise around the new miners of ASIC, which use next-generation chips, such as 7 nm and 10 nm semiconductors. Even though a lot of attention was paid to these machines, they did not justify the hype around them due to the falling market. Even if the machine is gaining a large amount of TH/s, it is still difficult for it to make a profit at a low cost of coins. At the time of publication, there were approximately six ASA SHA-256 machines, which are profitable by mining BTC or BCH. The most profitable miner today is the Asicminer 8 Nano Pro, a machine with a capacity of 76 TH/s. It is followed by Ebang Ebit E11 +, which earns $ 3.73 per day at current prices.
Editor: Yuliya Soroka