Not a minor adjustment: Bitcoin mining difficulty soars 13.5% to new ATH
There is no bear market for the builders of the Bitcoin network as more and more BTC miners join the network, driving up the difficulty. It’s a new all-time high–for Bitcoin (BTC) mining difficulty. Hot on the heels of the Bitcoin hash rate hitting new highs, the difficulty adjustment, or the complexity that miners must overcome to solve valid blocks, has increased by 13.55%.Despite pressure from falling prices in 2022, the difficulty adjustment continues its steady march upward from the lows of August 2021. It hit an all-time high of 35.61 trillion on Oct. 10, following a period in which....
Related News
Last week, the bitcoin hashrate touched a new all-time high after tremendous growth. While this was a welcome development, it had significant implications for the next mining difficulty adjustment which took place on Monday. As expected, the difficulty adjustment had jumped by double-digits, beating even the highest of forecasts. Difficulty Adjusts By 13.5% Over the last week, the forecasts for the bitcoin mining difficulty adjustment put it at a high of Related Reading: LUNC Community Clamors For Coinbase Listing, Can It Reach $1? 9-12%. These ranged from the conservative side to the....
Data shows the Bitcoin mining difficulty has set a new all-time high after observing a 13.5% jump during the latest adjustment. Bitcoin Mining Difficulty Sees Highest Single Increase Since May 2021 According to data from BTC.com, the BTC mining difficulty now has a value of 35.61T after the adjustment today, marking a new ATH. An […]
On-chain data shows that Bitcoin mining difficulty decreased by more than 4% during the latest network adjustment. Bitcoin Mining Difficulty Has Gone Down In The Latest Adjustment The “mining difficulty” metric tracks how hard the miners would find it to mine blocks on the Bitcoin network. The BTC blockchain goes through an automatic adjustment about […]
Bitcoin mining difficulty has posted another negative adjustment on Sunday, with the difficulty rate almost halving since mid-May. Amid the ongoing crackdown on cryptocurrency mining in China, mining new Bitcoin (BTC) continues getting easier as BTC has experienced another mining difficulty drop.On July 18, the Bitcoin network posted its fourth consecutive negative adjustment of mining difficulty, dropping 4.8%, according to data from Bitcoin explorer BTC.com.The latest mining difficulty adjustment occurred at block 691,488, reducing the difficulty rate from 14.4 trillion to 13.7 trillion,....
The difficulty adjustment for Bitcoin mining posted its first negative adjustment for 2021, dropping 1.5%. For the first time since November 2021, the Bitcoin (BTC) mining difficulty adjustment has dropped, correcting 1.49%. The move follows a succession of 6 consecutive positive difficulty adjustments, in which the mining difficulty and hash rate hit all-time highs. The average hashrate over the past two weeks fell to 197.19 exahashes per second (EH/s), and the average block time exceeded the 10-minute target, at 10 minutes 09 seconds. As a result of the difficulty adjustment, miners....