Rigly Newsletter for Epoch 406

We entered the new difficulty epoch on Saturday, November 25th, block height 818,496.

Bitcoin network difficulty is now 67.96 trillion (+5.07%) and also saw an all-time high over 500 EH/s. At the same time, transaction fees as a percentage of mining rewards also continue to reach new highs, in large part due to ordinals-related activity.

Auctions

This week's auctions end on Wednesday @ 17:00-19:00 US/Eastern time

100 TH/s by future difficulty epoch

Start mining after the next difficulty adjustment.

View the auctions

More mining available in epochs 407, 408, and beyond

Rigly News

We're working hard to make Rigly your marketplace for bitcoin mining.

Welcome new Rigly users!

We saw a number of new sign ups over Thanksgiving, with new Rigly users trying out the mining test drive and learning all about the joys of mining - check out the Stacker News thread.

Hashrate delivery automation

For customers who have experienced mining outages, you may have noticed we add extra hashrate at the end of your mining term.

We're continuing to improve on our hashrate delivery model to automate this process to ensure full delivery throughout the expected time frame.

Network Data

Hashprice

  • 204 sats/TH/s/day
source: https://data.hashrateindex.com/

Network Hashrate

  • Network Hashrate: ~500 EH/s
source: https://data.hashrateindex.com/

Difficulty Adjustment

  • Epoch 403 / October 16 +6.47%
  • Epoch 404 / October 29 +2.35%
  • Epoch 405 / November 11 +3.55%
  • Epoch 406 / November 25 +5.07%
  • Epoch 407 prediction at 68.22T (+0.38%) (Source: btc.com)
Source: mempool.space

Transaction Fees

Transaction Fees: 10.96% of block reward (!)

source: https://data.hashrateindex.com/
🚀
Nov 27th fees were 10.96% of the block reward with a hashprice of 204 sats/TH/s/day. Wow!

Worthwhile Reading

Bitcoin Mining Difficulty Hits New Record High \ stacker news ~bitcoin
Bitcoin mining has surged to new heights, with a recent 5.07% increase in mining difficulty propelling it to a record-breaking 67.96 terahashes per second (TH/s). This marks a significant milestone for bitcoin, as it demonstrates the growing computational power dedicated to securing and maintaining…
Demand Launches World’s First Stratum V2 Bitcoin Mining Pool \ stacker news ~bitcoin
So cool to the the mining space evolve! Can’t wait to see what’s next!
Self-Claimed Victim Says Hackers Paid the 83.6 BTC Fees - TheMinerMag
It appears that the unusually high transaction fee of 83.6 BTC last week on bitcoin’s network was not due to a fat finger error after all.
Bitcoin Miner HIVE Set to Acquire Another Site in Sweden
HIVE said it will acquire the site with up to $750,000 in cash and up to $1.5 million worth of common stocks.

Happy Tuesday!

Thanks for reading all the way,

Team Rigly

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