Mara Holdings, one of the largest public that Bitcoin mining companies exchanged in the United States, significantly increased BTC production in May despite growing mining difficulties and hashrate increased.
Mara made 950 Bitcoin (Btc) In May, the recording of a 35% month-to-month increase (mother), the company reported In his unconventional update of the BTC production published on June 3.
The mining company also posted a record of a 282 blocks obtained last month, a 38% mother increase.
In the latest BTC production, Mara increased Bitcoin’s handling of 49,179 BTC, worth nearly $ 5.2 billion at the time of writing, according to data from coingecko.
Zero Bitcoin sold
According to the chief head of Mara’s financial officer Salman Khan, the company saw a month of making a record in May and did not sell Bitcoin.
“One of our greatest competitors to competitive? Running our own mining pool,” Khan wrote in an X post on June 3.
Mara and CEO chairman and CEO Fred Thiel mentioned that the company’s May Bitcoin production has been the largest ever since The event of the event that took place in April 2024.
The significance of running a pool
According to Thiel, Mara’s fully integrated tech stack is a “basic variety,” because the company is “self-owned and operated pool of mining in public miners.”
“Running our pool means free of charge to external operators and maintaining the full amount of block rewards.”
The CEO added that May’s production benefited from the block reward luck. “Ever since the launch, the Mara Pool block reward has released the average of the network by more than 10%, contributing to our production leading to the industry.”
Rising hashrate and difficulty
Updating Mara’s mining record has come despite being bitcoin mining more difficult.
The hashrate of Bitcoin, an indicator that determines the total computational strength used by miners to solve complex mathematical problems and verify Bitcoin transactions on the network, has fallen at all times high levels in the last few months.
Related: Mara’s Bitcoin Mining revenue recording $ 752m as BTC price collapse
According to In data from blockchain.com, the BTC hashrate tops 942 exahashes per second (eh/s) on May 31.
The difficulty of mining bitcoin – a measure of how difficult it is to solve math problems to add new blocks – will also rise.
According to Blockchain.comThe BTC’s mining rate of mining has passed the past 126 trillion on another upward adjustment on May 30.
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